30
Apr
Harmonic patterns are technical formations seen in some financial markets. Traders believe these patterns can offer insights into future price movements, a view that is not without controversy but which has still been very influential in technical trading. These patterns are allegedly based on mathematical ratios, similar to the well-loved Fibonacci retracements used by forex traders, and are crucial in predictive analysis and trading strategies. UK financial markets are well-developed and liquid, providing a fertile ground for traders to test advanced technical strategies such as harmonic patterns effectively. Understanding Market Dynamics Supply and demand dynamics drive price movements in the…