The similarity between harmonic and basic chart patterns is that, for each of them, the shape and structure are key factors to recognizing and validating a specific pattern. The next price movement can thus be projected with the goal of turning these patterns into profits. However, a key difference is that harmonic patterns are defined more precisely. They are 5-point reversal structures, containing combinations of well defined consecutive Fibonacci retracements and Fibonacci extensions, leaving less room for flexible interpretation.
Harmonic patterns continuously repeat themselves, especially in consolidating markets. There are basically 2 types of patterns: 5-point retracement structures like the Gartley and the Bat and 5-point extension patterns like the Butterfly and the Crab. Trading harmonic patterns requires patience because, due to the specificity of the ratios, patterns that appear harmonic may not be if they don't align with the proper measurements.
Friday Move was very very volatile ,Many have lost and won huge .LongBuyLongSellIndicator forecast provided black candle that was short indication on 17th .
What is next ?
As this black candle continues ,follow the down market .only when next blue candle come we can think about bull run.
Related ideas below .
Note & Risk Disclaimer
Note
Regional Idea hence hindi used in the text.
DIsclaimer
Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment.
Why this happened - A cycle got ...
I remember clearly when I wrote last time about dollar rupee - I spoke about levels beyond 70$ when it was trading well below 65$ - Most of them never agreed that Dollar Rupee can head beyond 69$ mark as well.
You want to know more then do read my latest update on AUDUSD -
1000 Pip Fall Makes 3000+ from 8100 to 7100 – The Australian Journey 2018 ...
Buy Around CMP With Sl 320
1st Target 400 Around 38% Retracement
if successfully complete retraced 38% Level
Stop Loss Revised 380 and next Target 450++
09:38 Hrs 18th Sep 2018
Last Price@123.50
As suggested last in short term strategy - Let us go into flashback
Short Term Trading /Deposits -14th Aug 2018
Holding 138-141 on downside which is critical zone & key zone 144.50-145.50 - all the deposits made at 144.50 likely could mature close to 160-161 zone & above 162 for 165 -finally above 165 to 170. ...
The GBP/JPY has reversed its short term downtrend.
It has broken its resistance and currently taking support at its broken resistance.
Also it is currently in a triangle formation and we expect the pair to make a bullish breakout which will be good time to take long positions.
Axis Motion Pictures Presents ----------------------- "Ending Diagonal " ----------------------------------------
8th Feb 2018
Last Traded Price@555.50
Current Price @556 ---Axis Bank Intraday looking for a bounce between 562 -565 -gets resistance if holds in the range expect a fall to 535-540
https://in.tradingview.com/x/QFAQdC4D/
14th Feb 2018
Holding 565 ...
