Patterns by HWAFM

About Brent Crude Oil.

This is developed Ratrecement pattern -

and this is the developing Retracement pattern showing that the price may go to uptrend very soon -

Sadly to say that this harmonic pattern tool is one of my favorite tool, easy to customize and no complicated patterns involve just the classic harmonic patterns.

Simplicity yet can detect some patterns (bullish/bearish) with projected fibo act as target and stoploss placement.

Too bad the developer abandon this project.

Patterns with Examples (Part I): Multiple Top

Contents

• Abstract
• About the reversal patterns
• Why Multiple Top — its specific features
• Can the Double Top concept be extended?
• Writing code to render Multiple Top
  
  • Class map
  • Identifying tops and bottoms
  • Selecting tops to work with
  • Determining the pattern direction
  • Filters for discarding invalid patterns
  • Checking the result in the MetaTrader 5 Strategy Tester visualizer
  
  
• Further development ideas
• Conclusion