EURCAD - 4-hour Traditional Pitchfork and Harmonic Pattern

13 בספט׳ 2017

A Shark Harmonic Scan gave a Potential Reversal Zone (PRZ) at the green rectangle. A traditional pitchfork using the X to A swing of the harmonic pattern intersects that PRZ giving us an idea of where in the PRZ price may turn around. Not an entry at this time, as I would expect price to move lower and tag the pitchfork median. If it happens great, if not then it's not a trade I'll take. Worth keeping an eye on as this moves forward.