Sorry, my english is not good, can be hard to interpret.
I first want to thank Mr.Pip and his topic: Ratios Harmonics: another Way to Trade
here its battle of Mr.Pip advanced versions and Scott Carney: trading volume one two.
Therefore discuss here just versions ABCD and AB = CD pattern
This is the new. Analysis method essence of this method is: mass plogy and price action analysis. I call it: the dominant fashion.
Appliion: quantifying the potency of this current tendency. Recement utilize fib control identify tendency long-term and short-term and to discover opportunities. Price can break S / R or admired S/R,
used plogical measure trend strength. You have to determine AB leg. In your own leg AB and ascertain degree of structural modification HH / LL (structural HH / LL affect reversal region, it can encourage or canceled.) Legs AB has a lot of flexible or HH / LL =gt. In contrast, no or weak modification is adjusted by AB pins. =gt fashion. It's very straightforward.
Why I choose the ABCD version, help me find ABCD pattern reversal region and it expresses prices falling or rising action in a simple way.
Rules:
1/Do not send photographs using indior
2/ image: price action.
Okey, beginning: what you learn here:
1 / trends identified long and short term.
2 / when prices can divide S / R.
3 / predetermined neutral zone later on.
4 / commercial CD leg.
Utilize:
1 / S / R
2 / distribution demand (optional)
3 / HH / HL / LH / LL. Modification
4 / utilizing fibonacci
AB = CD pattern using the lowest regression = 38.6 and maximum = 78.6
ABCD version with the lowest degree of 61.8 regressive and no wick candle near the 78.6
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