InsiderB
Long

AxisBank : Dangerous Harmonic Move !

NSE:AXISBANK   AXIS BANK
Why this one is considered as most dangerous move ? Bcos in Harmonics its quite unsure that whether the potential harmonic will complete as expected or not, so trying to cash in on CD move is most dangerous ever, Harmonic traders will know that. If you are new around to the topic, people use all sort of harmonics,I don't blame them... but sticking to certain set of rules will help you better instead of searching around variations in harmonics.

So why I took this CD move in half way, as there are reasons behind, lower highs can be easily one of them. Next time when you do harmonics, look out for your ratio's !
Comment: Struck with this one...
where can i learn this harmonic patterns? please share link
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today on hourly almost like bullish bat has happened check
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i like harmonic patterns but really hard me to identify takes too much time, do you know any indicator which works ? ;)
+1 Reply
sandy raoadnan84
@raoadnan84, use line chart to identify the m shape and w shape.and calculate ratio on candles .so simple i have learnt this way
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@sandy, Thanks , i use MT4 terminal and its really hard to draw all fibo ratio's but definitely its good suggestion to look on line chart. It seems i am lazy but you save lot of time if you have indicator you get notifications and switch time frames easily. appreciated your suggestion
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InsiderB TOP raoadnan84
@raoadnan84, For MT4 there is some harmonic indicator around, Google mate :)
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raoadnan84 InsiderB
@InsiderB, I have but some are repainting and other are not draw correctly fibo ratios all the time. Thanks
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sandy raoadnan84
@raoadnan84, i used to use harmonic analyser software .best one
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@sandy, its the name "Harmonic analyzer"
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Thanks,
+1 Reply
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