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Turning Patterns into Profits with Harmonic Trading (Collection) by Scott M. Carney, Buff Pelz Dormeier

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Chapter 5. BAMM Theory

BAMM = Bat Action Magnet Move

BAMM is an abbreviation for Bat Action Magnet Move. The essence of this theory is based upon the primary tenet of Harmonic Trading that not all patterns are the same, as specific “technical entities” in the form of harmonic patterns define unique trading situations. In Harmonic Trading: Volume One, I discussed “The Great Gartley Controversy,” which explains the importance of exact alignments of Fibonacci ratios with respect to price structures. My differentiation of similar pattern structures led me to discover the importance of respecting exact alignments. Specifically, the Bat pattern, which requires a different alignment of Fibonacci ratios than the general Gartley pattern, consistently ...

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