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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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.