Harmonic Pattern in Wave 2
As I am plotting out possible senarios to this complex correction on the 240M Chart, I am having to get into the lower time frames to help me sort out these movements.
I see on the higher time frame (240M) :
-Impulse completed.---Then price makes a wicked irregular Flat, breaking the top of wave 5 and falling pretty far.
-Price then rose to the 61.8% fib of the complete initial fall. This happen over a series of complex correction combinations.
-Inside this correction seems to be a harmonic pattern (gartley?) I used the wave C of the first irregular flat as the impulse wave. (see Gartley? post)
This puts the end of harmonic pattern at B of a higher degree. Which means wave C is coming..
ON 15 MIN TF
- we have completed 5 wave move down in a lower degree.
-an ABC correction up and I am looking to complete another harmonic pattern in the same degree.
Note I am learning. I use this as a means to excersise my analysis skills. I can be wrong and invite input.
I see on the higher time frame (240M) :
-Impulse completed.---Then price makes a wicked irregular Flat, breaking the top of wave 5 and falling pretty far.
-Price then rose to the 61.8% fib of the complete initial fall. This happen over a series of complex correction combinations.
-Inside this correction seems to be a harmonic pattern (gartley?) I used the wave C of the first irregular flat as the impulse wave. (see Gartley? post)
This puts the end of harmonic pattern at B of a higher degree. Which means wave C is coming..
ON 15 MIN TF
- we have completed 5 wave move down in a lower degree.
-an ABC correction up and I am looking to complete another harmonic pattern in the same degree.
Note I am learning. I use this as a means to excersise my analysis skills. I can be wrong and invite input.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.