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Originally Posted by erwin1680
Hi all once again thanks for the wealth of information on this thread. If I may were can I find how to set profit targets for the harmonic patterns?
Thanks in advance.
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hi erwin
you are welcome.
about tragets,according to the rules there are two classic and defiend targets for these aptterns:
1st target would be:0.382 of AD
2nd target would be:0.618 of AD
but never forget the golden rule of trading:
"cut your losses short and let your profits run"
so up to the trader,one may make pips on the defined targets ,one may trail the profit.