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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (57509)4/22/2022 7:19:04 AM
From: kimberley  Read Replies (1) | Respond to of 97984
 
I'm going to attempt an answer, if for no other reason than to be corrected if I'm wrong and adjust my understanding...you can't just randomly assign where to place X, because in order to be a valid harmonic pattern, the measurements have to be correct, hence X will be where it is.



To: Sun Tzu who wrote (57509)4/22/2022 8:53:15 AM
From: Real Man2 Recommendations

Recommended By
kimberley
Sun Tzu

  Read Replies (1) | Respond to of 97984
 


Gonna answer with an image. The answer is yes, but not all harmonic patterns have an X



To: Sun Tzu who wrote (57509)4/22/2022 10:04:57 AM
From: Qone02 Recommendations

Recommended By
kimberley
Sun Tzu

  Read Replies (1) | Respond to of 97984
 
The X point is the start of a wave, any wave. Time frame is the time frame, patterns will be much larger on larger time frames. The XA wave is the starting point for all the other fib calculations.

There is a ABCD in the right side of every 5 pattern except the shark. The ABCD will be a different fib depending on the pattern.



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