See this is how I understand harmonic strategy.
Both skyblue lines are similar length.
Both red lines are similar length
both pink lines are similar length.
EU current rate is @61% fib of main swing of 1st red line. As well as previous selling level also same. So, I am expecting EU would fall around 3670 fall until complete swing length of 2nd red line (expecting has no base). 2nd red line has potential previous buying zone. So, there is high probability that it may fall until that level with completing length of 2nd red line.
This is how I think. And it looks that there is lack of knowledge of identifying orderflow. When i would enter sell around 3670 i would not confident that it will fall because my thinking is baseless without knowledge of big players and orderflow even i can draw ab = cd. I watched video by Mr. pip about orderflow but I would need more videos from him to understand about it deeply.
Both skyblue lines are similar length.
Both red lines are similar length
both pink lines are similar length.
EU current rate is @61% fib of main swing of 1st red line. As well as previous selling level also same. So, I am expecting EU would fall around 3670 fall until complete swing length of 2nd red line (expecting has no base). 2nd red line has potential previous buying zone. So, there is high probability that it may fall until that level with completing length of 2nd red line.
This is how I think. And it looks that there is lack of knowledge of identifying orderflow. When i would enter sell around 3670 i would not confident that it will fall because my thinking is baseless without knowledge of big players and orderflow even i can draw ab = cd. I watched video by Mr. pip about orderflow but I would need more videos from him to understand about it deeply.
-milkeyway