Harmonic Pattern with Multiple Confluence for Point X and D
This is an example of regression channel with harmonic pattern.
By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly.
There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete.
For Point D, best to monitor price changes using RSI or other similar RSI (Cyclic RSI, etc).
Indicator used :
1. Regression Channel Alternative MTF
2. HH-LL ZZ
3. XABCD Harmonic Pattern Custom Range Interactive
4. Simple OHLC Custom Range Interactive
5. Cyclic RSI High Low With Noise Filter
By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly.
There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete.
For Point D, best to monitor price changes using RSI or other similar RSI (Cyclic RSI, etc).
Indicator used :
1. Regression Channel Alternative MTF
2. HH-LL ZZ
3. XABCD Harmonic Pattern Custom Range Interactive
4. Simple OHLC Custom Range Interactive
5. Cyclic RSI High Low With Noise Filter
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