When you choose to trade forex, the key to finding success is often reading patterns. When patterns are discussed, you are going to hear one name mentioned pretty consistently: H.M. Gartley. His harmonic patterns have been famously linked with chart reading and carry as much use today as in 1935 when they were first detailed in his book, Profits in the Stock Market.
Although there are several harmonic patterns of note—see bat, crab, shark, and Gartley patterns, among others—butterfly patterns remain the most prominent. A complete breakdown follows to help you get a full grasp on what they are, how they work, and how to make use of them.Read More