just for educational purposes
case study
not every W shape or M shape is an harmonic
harmonic follows strict rules
like B point should be 0.786 retracement of XA leg
And C point should be 0.886 or 0.382 or in between if near values good and is retracement of AB leg
and D 1.618 or 2.24 of BC and 1.27 of XA
these are for butter fly for other patterns retracements will vary
i started studying harmonics recently will take some time to master meanwhile looking for some examples if any please suggest me ,which are near exact retracements according to patterns
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
case study
not every W shape or M shape is an harmonic
harmonic follows strict rules
like B point should be 0.786 retracement of XA leg
And C point should be 0.886 or 0.382 or in between if near values good and is retracement of AB leg
and D 1.618 or 2.24 of BC and 1.27 of XA
these are for butter fly for other patterns retracements will vary
i started studying harmonics recently will take some time to master meanwhile looking for some examples if any please suggest me ,which are near exact retracements according to patterns
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.