Disadvantages of trading using harmonics

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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.
One of the most common problems that most beginners face is the possibility of conflicting signals emerging from harmonious patterns, especially those that develop in more than one different time frame, to the point that two bearish and bullish patterns can be observed at the same time, which may create some dispersion in Minds of traders.
There are high chances of hitting the stop loss. Traders who carefully follow the rules of harmonic trading usually determine precisely the levels for either entry or stop loss. However, these levels may be subject to manipulation by major traders, and this may be one of the main drawbacks of harmonic models.

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