Moumon, it's calculation from Fibonacci sequence..............1,2,5,8,21,34,55,89,144,233...........if you divide any number by the fourth number back the result will be 6.85 exp's...144/21=6.857 233/34=6.852 and so on...Good luck with your trading.

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Kayi, we don't know if retracement will be one leg or a-b-c...it's the end of the day I trail aggressively (1 BL on 15 min chart).

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image image

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same here gettoefl.....

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Yes gettoefl, but the zone has to hold and change of the trend has to occur (TLB 1-2-3 formation)

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still one level to hold..but very thin

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I bet on the upside today until proven otherwise...and yes, today banks in the USA are closed.

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most likely because they trade their own plan...just the thought.

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not related to current price action ...just answering PM here

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sponge, I am not sure I know what you mean by standard Fib time zones...

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sponge, Elliott wrote in Nature's Law: "All human activities have three distinctive features, pattern, time and ratio, all of which observe the Fibonacci summation series ...the most important of the three factors is a pattern. The pattern is always ...

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NY Time (estern time US & Canada)

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the similarity in time to the prior measured move (symmetry- 2 red arrows 61.8-100%)

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The chart with updated W PP( sorry for that) and time zone for completion of the pattern.

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sponge, I don't know if you're familiar with the crown pattern..if not please read my attachment (disregard indicators and moving averages if you will)...very interesting reading which gives you another perspective on trading "ill" H&S pattern.

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Thanks, kayikai...I just want to share my long-time experience with this method of trading and encourage at least some of you to check on your own if this approach of trading speaks to you.

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The power of harmonic patterns in the working...Target#2 has been reached. Good luck with your trading my fellow traders.

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Engr. go to my profile. I posted in the past some pdf files (over 2400 downloads) and start from scratch maybe it clicks with you...

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Engr..Thank you for your service. God bless you and yours...if I may be of assistance don't hesitate to ask the questions (EW+harmonics+western patterns)...Good luck with your new career.

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your replays tell me how experienced you are in trading, how extensively you have studied technical analysis....I posted almost 400 charts on FF forum, many in advance which are a testament to harmonic patterns but feel free to ride your ...

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