Each pattern provides a potential reversal area, but does not necessarily provide a specific price. The reason for this is that there are two different projections formed from point D.
If all the expected levels are close to each other, the trader can enter a trading position in this area. If the projection zone spreads, it is better for the trader to look for further confirmation of the price moving in the expected direction. For example, a long-term projection zone on a chart where levels diverge by 50 points or more.
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In addition to the possibility of setting a stop loss outside the furthest range from the starting point. This means that the stop loss is unlikely to be reached as long as the pattern does not invalidate itself by moving against the pattern.
Harmonic models are considered one of the most accurate mathematical methods used in trading, but they require a lot of patience, experience, and practice. As well as a lot of study so that the trader can master the use of models. Basic measurements are just the beginning. Movements that are not consistent with the correct model measurements will invalidate the model and can cause traders to lose.
How to use harmonic patterns in trading
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