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Disadvantages of trading using harmonics
Despite the many advantages provided by using harmonics in trading, there are some common disadvantages as well, including:
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Harmonic patterns in technical analysis have many patterns. The sides that make up the harmonic pattern are always linked to the Fibonacci ratios, which is the main axis of price movements. Therefore, the harmonic patterns depend mainly on the Fibonacci ratios. If there is only one pattern, the trader can remember those ratios, but On the contrary, there are more than six harmonic patterns, which makes it difficult for the trader to study and remember all the patterns without using indicators or specialized software, in addition to the difficulty of identifying the harmonic pattern that can achieve success and provide large gains.
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