Harmonic Analysis - page 350
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Looks good for Harmonics and Elliots with the Butterfly being ready on EURJPY H4 and trend looks exhausted, but it can still go a bit down what is still consolidation at wave 5. On the lower dashed line a Crab would appear, but then the Butterfly would be no more. We have to wait for the impulse wave up. What do you mean?
The butterfly is invalid. B of it exceeds X. This can not be a valid butterfly. EURJPY is still on the down trend. There is a sell opportunity.
An example of PSL.
Ok. Poor Butterfly. Where you can read this?
Ok. Poor Butterfly. Where you can read this?
You can see the ratio of the butterfly pattern.
A lot of times harmonic indicators detect patterns wrongfully. This is why detecting and drawing patterns by yourself is much better and and more accurate.
That is true. What the holy nova I saw there? I'm still practicing...
That is true. What the holy nova I saw there? I'm still practicing...
No worries. I'm still practicing too
An example of PSL.
It feels so good when market moves how I analyzed.
Without a doubt, I went long on that and grabbed 62 pips.
I am very interested in this strategy , but don't know start from where?? 1 question , whether this strategy can be used in all tf ?
I am very interested in this strategy , but don't know start from where?? 1 question , whether this strategy can be used in all tf ?
Hi, welcome to the thread!
Are you talking about harmonic patterns or structure trading (price action)?
frankly the harmonic patterns, but as far i know they good in the big tf.. I 've tried to use one indicator in smaller tf as m5 and m15 but make me confused