AMPmonitor forex harmonic patterns recognition

AMP indicator has functionality to present pattern in advance (so called emerging pattern). Emerging pattern is very useful. Allows trader to prepare for the trade, apply his/her own confirmation techniques and decide if it's worth to trade the pattern.

From Emerging pattern changes to Completed. This means all swings within the pattern meet the pattern criteria. This is the moment to execute the trade.

Completed pattern can move into Running or Invalidated status. Running means that pattern is on the way to reach the Take Profit level (TP1 and/or TP2 are 2 default TP levels defined in AMPindicator / AMPmonitor). Invalidated status means that price hit the Stop Loss level.

Emerging 121 pattern:

Completed 121 pattern:

Running 121 pattern:

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