Harmonic Pattern – Tactical Use of Pattern Completion Interval (PCI)
Our Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner
exclusively provide the Pattern Completion Interval for your tactical trading.
Sounds complicated but not. Simply, if the price is inside the PCI box, then the pattern will stay alive. If the
price move outside the PCI box, then the pattern is invalid. (We brought this concept from prediction interval or confidence interval from
multiple regression techniques).
Maybe it is the view you need to see not the technical language. It is the PCI box that you will calculate
your entry + your risk management. Inside PCI, your will pick up the good timing for your entry based on your risk management. Everything
should be happen inside PCI. Otherwise, your reward/risk does not have too much merit.
Secondly you might need to use some secondary confirmation for final buy and sell decision. Remember the very
advantage of manual trading is about combining information. It does not have to be fundamental data for this purpose. In our case, we
exclusively uses geometric based tools and we have nearly got rid of all the technical indicator for trading. But you can use some technical
indicator like RSI, Bollinger bands and Fibonacci Retracement etc.
Once you are sure about the trading and entry and risk management, then you will lock the pattern for your
trading. Just click the lock button in your chart to do so. Our Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable
Pattern Scanner supports Pattern Completion Interval for your entry management.
Link to Harmonic Pattern Plus
Link to Harmonic Pattern Scenario Planner
Link to Profitable Pattern Scanner:
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