Harmonic and Classic Patterns

Harmonic Indies remind me of healthy adults closing their eyes and allowing dogs to help them cross the street.
Question is sure dogs can be reliable but what would you prefer?Your own eyes or dog's

two head is better than one head

imho

Dragon see here http://www.forexstrategiesresources....ragon-pattern/

Suri Dudella

The Dragon pattern is similar to the ‘W’ pattern or the ‘Double Bottom’ pattern with a few different trading rules and targets. Inverse Dragon patterns are similar to ‘M’ pattern. Dragon patterns usually form at market bottoms. Dragon patterns work in all timeframes and in all market instruments. Like most ‘Double Bottom’ patterns, Dragon patterns present excellent trading opportunities with low risk to reward ratios. The Dragon pattern starts with a ‘Head’ formation and price declines from the head level to form two legs of the Dragon. These two legs usually form within 5% to 10% of the price difference. The second leg has a strong indication of reversal as it posts a key reversal bar or a divergence in
any oscillator indicators. A spike in volume usually follows the price rise of the second leg. A trend line is drawn connecting the head of the Dragon to the hump. When price closes above the trend line and is confirmed by price action or divergence in any oscillator, it signals a reversal. The second confirmation of the Dragon pattern occurs when the price closes above the hump, which is 38% to 50% of the range or the Swing High/Low between the two Dragon legs (or peaks for Inverse Dragon) from head to the low of the first leg.

Hi mr poruchik
eurjpy daily

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Black Swan is pattern from China by MacPan

often it may be WW

Hello,
Can you please direct me as to where to get this EA? Thank you.

Hello,
Thank you for your nice work.
1. Do I need to have the CZigZag, DT_ZZ_nen, Swing_ZZ_1, and ZigZag_new_nen4 on the chart for the ZUP_v123 to work properly or do I need to just have them in the indicators folder?

2. Do I also need the WRR_ZUP_INFO_v02 to get alerted or does this one have an alert or pop up for patterns?

3. Will there be a dashboard made to have it monitor all time frames for patterns and/or different currency pairs?

Again thank you for your work and contribution !!!

1. need to just have them in the indicators folder
2. ZUP itself have alert - see pic.
3. I do not know.

Thank you very much for your help and contribution !!!

There is this bearish setup forming on the EURUSD. It has harmonic ratios, but I think it doesn't really fit with any known setup. Could that be an Alternate Bat even if the XA is 0.50 and not 0.382 and the XD is 1.27 and not 1.13? What do you think?

It is TOTAL2
but PRZ is finished

Thanks Poruchik!
For determing the PRZ do you use 1.27 XD projection and BC projections between 1.618 and 2.618?

Hello poruchik,
Is there any reason why I don't show that pattern on my 4hr chart. On my chart it says bullish butterfly at the moment. Thank you.

Does anybody know the difference between a Bullish Shark Pattern and a Bullish Bobtail Shark Pattern?

No difference

That's my analysis of EURUSD for 16th January 2013.
Huge bearish ABCD pattern over a 6 month period. Although 0.382 projection is not 1.41 the pattern is rather symetrical. AB leg is 40 periods and CD leg is 42 periods which is very accurate. Usually CD leg is slightly longer. Another clue is that price has indeed started to breakdown at the completion of the pattern. It is of course not garanteed that price will continue breaking down to the 1.31 area, but there is some violent reaction going on. I am still bearish for now and I won't move my SL to BE as I think a major battle is going on between bulls and bears at these levels and it might take a week or two to know the outcome.

Also the 1.34 area is a major resistance on the weekly chart and I don't think that it will be overcome in a day or two.

Slow stochastics is suggesting rejection of lower line of Andrew's pitchfork and therefor a lower move can be expected.

Comments are more than welcomed.

subscribed

17th January 2012

Here are the harmonic ratios for the 4H chart for EURUSD. I don't know if this is a standard pattern. It might be bearish. Although this pair is looking very bullish right now.

hello

can you offer the standard principle of blackswan / seehorse / any new pattern to me?

tks very much

Asura Hwang