There is one question, better we trade complete or upcoming Harmonic Patterns?
Harmonic Pattern is reversal strategy and when one pattern complete, we expect price starts to move in opposite directions. Some traders believe market moves according Elliott Waves and waves are Motives and correctives. If Elliott is true, so Harmonic Patterns must have close relation with that. When pattern complete and price reverse, in fact, we trade a corrective wave. So complete pattern signal is correction wave and upcoming Harmonic Pattern that has 3 complete legs and forth leg is completing must be motive wave.
Now, do you like trade Motive or corrective? Complete or Upcoming Pattern?
I think both waves are good for trading and this depend to your main strategy. Some traders combine both methods together and use another wave for confirmation first pattern. For example, we have complete Harmonic Pattern and reversal leg is forth leg for upcoming pattern. This signal has the double confirmation and probability trade hit target is very much.
My plan is making a new version of FxMath Harmonic Pattern Scanner that display both Complete and Upcoming patterns and you able combine both patterns for getting signals with highest win rate.
Please check few examples for upcoming Harmonic Patterns:
Regards,
FxMath Financial Solution