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The pattern was detected by the cTrader Harmonic Pattern Recognition software and the ratios and pattern accuracy can be modified to detect non-standard pattern formations like the one below. The take profit targets were created using the Fibonacci Retracement Tool that is built into the cTrader trading platform.
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Charting indicators & cBots used on this site are for the cTrader Desktop platform in which our tools are built on, and cTrader is a registered trademark of Spotware Ltd
Trading is risky & most day traders lose money. This site & the products & services ClickAlgo offers are for informational & educational purposes only. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
