Harmonic Pattern in Wave 2
As I am plotting out possible senarios to this complex correction on the 240M Chart, I am having to get into the lower time frames to help me sort out these movements.
I see on the higher time frame (240M) :
-Impulse completed.---Then price makes a wicked irregular Flat, breaking the top of wave 5 and falling pretty far.
-Price then rose to the 61.8% fib of the complete initial fall. This happen over a series of complex correction combinations.
-Inside this correction seems to be a harmonic pattern (gartley?) I used the wave C of the first irregular flat as the impulse wave. (see Gartley? post)
This puts the end of harmonic pattern at B of a higher degree. Which means wave C is coming..
ON 15 MIN TF
- we have completed 5 wave move down in a lower degree.
-an ABC correction up and I am looking to complete another harmonic pattern in the same degree.
Note I am learning. I use this as a means to excersise my analysis skills. I can be wrong and invite input.
I see on the higher time frame (240M) :
-Impulse completed.---Then price makes a wicked irregular Flat, breaking the top of wave 5 and falling pretty far.
-Price then rose to the 61.8% fib of the complete initial fall. This happen over a series of complex correction combinations.
-Inside this correction seems to be a harmonic pattern (gartley?) I used the wave C of the first irregular flat as the impulse wave. (see Gartley? post)
This puts the end of harmonic pattern at B of a higher degree. Which means wave C is coming..
ON 15 MIN TF
- we have completed 5 wave move down in a lower degree.
-an ABC correction up and I am looking to complete another harmonic pattern in the same degree.
Note I am learning. I use this as a means to excersise my analysis skills. I can be wrong and invite input.
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