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Harmonic Price Patterns
yellow knife- Top contributor
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Join date : 2014-03-27
- Post n°401
Re: Harmonic Price Patterns
NC`- Top contributor
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- Post n°402
Re: Harmonic Price Patterns
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
Talking about today, I'm not much happy with todays closing. Something has happened in between 13:54 -13:56. Someone has sold a big chunk at once.
However, there's a good point as well; it was a gap (according to my chart). Hope it'll fill the gap 2mrw, as it happens most in time.
And, ehh. even if 7040 is break, still more to go as its 50%. as 61.8% is waiting around 7000-6975.
There's around 80% possibility for a bull run, but who knows we'll have to wait and see....
NC`- Top contributor
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- Post n°403
Re: Harmonic Price Patterns
Weekly PP @ 7080 as I stated in early posts.
yellow knife- Top contributor
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- Post n°404
Re: Harmonic Price Patterns
Wether your predictions become real or not do stick to the way you predict.
We all understand that anything can happen between the cup and the lip
But the art of technical analyst should not change to grab uncertainty prevailing with politics
Leon- Top contributor
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- Post n°405
Re: Harmonic Price Patterns
chutiputha- Top contributor
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Age : 38
Location : SL
- Post n°406
Re: Harmonic Price Patterns
NC` wrote:and Pivot point is a good indication at these uncertain movements.
Weekly PP @ 7080 as I stated in early posts.
Thank U NC for ur Effort.Weldone.Hope u noticed that i also tried to get some output from Pivot Point and find Resistance,Supportive Levels of ACL,KCAB and AEL with help of PP and formulas.
2 Likes For U
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
https://forum.lankaninvestor.com/t2780p15-acl-kcab-and-apla-future#43271
Ethical Trader- Top contributor
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- Post n°407
Re: Harmonic Price Patterns
NC`- Top contributor
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- Post n°408
Re: Harmonic Price Patterns
![Very Happy](https://2img.net/i/fa/i/smiles/icon_biggrin.png)
NC`- Top contributor
- Posts : 163
Join date : 2014-09-27
- Post n°409
Re: Harmonic Price Patterns
![Harmonic Price Patterns - Page 17 A410](https://i.servimg.com/u/f18/18/93/37/16/a410.png)
Market is weak than was expected. However, 7040 level is double checked now as support and worked well.
In the current context, market is ranging, its pulling and pushing by buyers and sellers, where's not much clear direction.
However, its being presuured to a certain direction as I've shown in yellow colour where it likely to move. Indeed its a wedge, but not symmetric, it more forced on downwards rather upwards.
Hence, its difficult to say which direction it'll take. And, I assume, Foreign buying or selling in coming days will give us the direction, or some political news..
chutiputha- Top contributor
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- Post n°410
Re: Harmonic Price Patterns
pathfinder- Top contributor
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- Post n°411
Re: Harmonic Price Patterns
Beaten down RSI is now coming up so the PSAR.For short term ASI may range between 7040-7300 creating good trading opportunities for early entrants.
NC`- Top contributor
- Posts : 163
Join date : 2014-09-27
- Post n°412
Re: Harmonic Price Patterns
Compare following two charts, which I post yesterday (18/06/15) around 1' o clock, and what they shows me on today. (19/06/15)
Yesterday, it was missing 17/06/15 ASI movement.. (the whole day).
NC` wrote:Update of intraday ASI outlook:
Market is weak than was expected. However, 7040 level is double checked now as support and worked well.
In the current context, market is ranging, its pulling and pushing by buyers and sellers, where's not much clear direction.
However, its being presuured to a certain direction as I've shown in yellow colour where it likely to move. Indeed its a wedge, but not symmetric, it more forced on downwards rather upwards.
Hence, its difficult to say which direction it'll take. And, I assume, Foreign buying or selling in coming days will give us the direction, or some political news..
This's what it shows me today..
![Harmonic Price Patterns - Page 17 A510](https://i.servimg.com/u/f18/18/93/37/16/a510.png)
How this has happened ? And its a misleading chart data, and we get misleading analysis/ result...
Backstage- Top contributor
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Join date : 2014-02-24
- Post n°413
Re: Harmonic Price Patterns
pathfinder wrote:Good one NC keep it up
Beaten down RSI is now coming up so the PSAR.For short term ASI may range between 7040-7300 creating good trading opportunities for early entrants.
Since JKH subdivision is happening end of the month, I am expecting action up ahead. July, August will probably be painful months. I feel it would be good to take something off the table now , so that you could do some Averaging/bottom picking during election time..
serene- Top contributor
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- Post n°414
Re: Harmonic Price Patterns
Leon- Top contributor
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- Post n°415
Re: Harmonic Price Patterns
Backstage wrote:pathfinder wrote:Good one NC keep it up
Beaten down RSI is now coming up so the PSAR.For short term ASI may range between 7040-7300 creating good trading opportunities for early entrants.
Since JKH subdivision is happening end of the month, I am expecting action up ahead. July, August will probably be painful months. I feel it would be good to take something off the table now , so that you could do some Averaging/bottom picking during election time..
Yep yep, things to ponder.
smallville- Top contributor
- Posts : 1872
Join date : 2014-02-23
Location : Trying to figure out..
- Post n°416
Re: Harmonic Price Patterns
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
I've seen Asha Phillip and CT both giving tech analysis and most of their charts serve a prime purpose.. That is; what they want us to see.....
If Daily chart can deliver the outcome, they use it.. If Weekly chart can show something they use Weekly chart..
If non of them qualifies for a proper outpout, they use monthly chart
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
And see that their lines are mostly getting angled, trend lines show near perfection.. But - in reality even a channel wont be perfect or a flag wont be a flag. There will be days shares violate channel rules and come back..
Anyways.. I dont use DFN charts anymore.. I update amibroker even with busyness. But thanks to Sriranga's blog now I dont have to fear losing EOD data for couple of days
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
_________________
I take risks as a Trader and I select stocks based on Tech and daily Cash in/out. Therefore, my methods may not suit u.. so DYO analysis before making any decisions.
NC`- Top contributor
- Posts : 163
Join date : 2014-09-27
- Post n°417
Re: Harmonic Price Patterns
I'm not satisfied either about the DFN. This's just a one. Its lack of push email notification/alerts, Pivot point indicators, crashing and freezing etc and lacking of developers for customize indicators...
![Very Happy](https://2img.net/i/fa/i/smiles/icon_biggrin.png)
And I've two brokers and I'm not happy with either any. Its better to update EOD...
![Very Happy](https://2img.net/i/fa/i/smiles/icon_biggrin.png)
However, I'm following Fractal theory. Hence it confirms each others, so it doesn't matter the time frame. I've tried many technical reading aspects in past and neither good as fractals.
![Very Happy](https://2img.net/i/fa/i/smiles/icon_biggrin.png)
NC`- Top contributor
- Posts : 163
Join date : 2014-09-27
- Post n°418
Re: Harmonic Price Patterns
This's how Fractals and chaos make extraordinary patterns.
In stock market the difference is, its not symmetric as taken in here such as 50%. Instead, we allow a range 38.2% to 61.8%, due to news/announcements and humans behaviors etc...
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
Backstage- Top contributor
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- Post n°419
Re: Harmonic Price Patterns
NC`- Top contributor
- Posts : 163
Join date : 2014-09-27
- Post n°420
Re: Harmonic Price Patterns
You can find out more complex with mathematical models over the internet, if you're more familiar with mathematics..
Here's just a one..
However, to its best to know properly the baisc of the Fractals, chaotic, Elliotwave/Harmonic patterns... and keep it simple.
Hope would help..
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
Backstage- Top contributor
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- Post n°421
Re: Harmonic Price Patterns
nihal123- Top contributor
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Age : 58
Location : Waga
- Post n°422
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