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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: skinowski who wrote (40044)12/13/2023 9:47:52 AM
From: Qone01 Recommendation

Recommended By
skinowski

   of 41471
 
Harmonics uses a zone in which the execution of the trade takes place. Which is triggered by the RSI indicator. If this does not happen in the zone the pattern is not valid be cause the market is not reacting to it.

The zone for this shark is 1.13 min to 1.272 max.

A harmonic pattern has a maximum of 300 bars that comprise the entire pattern. At completion it gets 30 bars maximum to hit its first reaction target. 5 bars maximum for the reaction to start after the RSI signal.
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