Waiting...? no explanations.
Sorry but this has to be confusing to the newbees.
Barry
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DislikedMr Pip
Please excuse me as my chart may be erroneous.I am still learning.I took consideration your comment about drawing fibs from key swing.
My chart on AU is on daily.
All the numbers fit into Gartley pattern XAB=CD BC is .618 exact retrace and my D is 1.618
As you can tell I am very excited about learning harmonics and looking forward to your teachings.Ignored
DislikedYes your chart is wrong. Please review pgs 11-12
All PRZ's are at D.
Also one of Mr Pip's rules is B has to retrace to 61.8Ignored
DislikedPlease label your swings (XABCD) and your PRZ. What pattern do you think that is?
It has retraced and closed beyond the 78 so I don't see a pattern there.Ignored
DislikedIt is simply an AB=CD pattern. According to Scott M. Carney, an AB=CD can retrace up to 0.886. The XA leg is the main swing up, but I didn't fib this level.
Watching price now, it has extra swings so my AB=CD pattern is most likely incorrect.Ignored
DislikedNo. If you look at pgs 11-12 he gives a brief idea of some of the pattern rules.Ignored
DislikedHey Bary, yes I saw those thanks, I think I misunderstood you and thought Id missed something. Cheers
If you don't mind answering a question. My XABCDs appear to be placed differently from others, for instance, in Rexz's last chart posted, there is a pattern which has been highlighted with shapes. His X appears to start from the bottom. I would have thought that X was at the high (on the left).
Thanks in advance for your help.Ignored
DislikedHey Bary, yes I saw those thanks, I think I misunderstood you and thought Id missed something. Cheers
If you don't mind answering a question. My XABCDs appear to be placed differently from others, for instance, in Rexz's last chart posted, there is a pattern which has been highlighted with shapes. His X appears to start from the bottom. I would have thought that X was at the high (on the left).
Thanks in advance for your help.Ignored
DislikedPatterns change as more PA appears. So X can change or it could be a pattern inside a pattern.Ignored
DislikedEzzy please don't use mine as a guideline. I am only trying out some patterns, which are most probably incorrect. You are correct in the 2nd image I posted, the X-A move should be the swing down. The first move I posted doesn't necessarily require the XA part. I shall however wait for Mr. Pip as I may be going a little ahead.Ignored
DislikedEzzy please don't use mine as a guideline. I am only trying out some patterns, which are most probably incorrect. You are correct in the 2nd image I posted, the X-A move should be the swing down. The first move I posted doesn't necessarily require the XA part. I shall however wait for Mr. Pip as I may be going a little ahead.Ignored
DislikedThx for the more detail on chart. Much better for all to understand and learn.
Yes lets wait for Mr Pips pattern rules.Ignored