harmonic pattern point D and pivot point

Pay attention when the point D from harmonic pattern comes close to pivot point. Price may (and often happens) does not respect the harmonic / market geometry, and reaches the pivot level. Knowing the location of nearest pivot points (daily, weekly, monthly) may help you in defining possible price behavior at point D. You may want in such cases skip the trade or extend the StopLoss.

See example from USDJPY where 121 bearish pattern failed, but price respected nicely the monthly pivot point.

One2One bullish pattern GPBUSD H1

One2One bullish pattern GPBUSD H1

Note that on www.TradingArsenal.com we run a project dedicated to successful 121 pattern trading. 121 indicator and 121 EA is available here-> http://tradingarsenal.com/indicators-exepert-advisors/228-idea-121-ea.html

121 bearish GBPJPY M30

Harmonic trading 121 bearish GBPJPY M30

Note that on www.TradingArsenal.com we run a project dedicated to successful 121 pattern trading. 121 indicator and 121 EA is available here-> http://tradingarsenal.com/indicators-exepert-advisors/228-idea-121-ea.html