Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.27

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Dec 26 4:00 PM EST

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To: Mevis who wrote (123645)	4/26/2019 2:12:00 PM
From: Qone0	Read Replies (1) of 220708

LOL, There are 5 different basic harmonic patterns. Except for the thunderbolt. All they really are is W and M patterns. That use fibs to determine the points of trade. Find a high and low point on a chart. That's the XA wave. When the XA wave retraces that is the B point, this fib tells what the pattern is. Next is the C wave if it fails to go above the A point then one of the W or M patterns are in play. If it goes above the A point then its a AB=CD thunderbolt pattern. The patterns in order of frequency. AB=CD Thunderbolt BAT .886 of X point Crab 1.618 of X point Butterfly 1.272 of X point Gartley .786 of X point.

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