NYSE:BABA   ALIBABA GROUP HLDG LTD
289 7 2
This chart looked so promising a short while ago. Now, my best guess is one of these two patterns.
How about
snapshot
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KLang PRO littleriver
that's the green pattern I did
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The result is essentially the same but the pattern I am drawing is an ab=cd ext. Sorry, I should have made that clear from the beginnning.
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KLang PRO littleriver
Harmonic patterns are in essence AB=CD they often coincide with AB=CD equality. 1.272 or 1.618, OR within that range. But the targets are derived from the other relationships.
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I can see that now after you brought it to my attention. Thank you. I am new to harmonic patterns and what little I have learned is from the links you have shared here on TV. Thank you.. When you say "the targets are derived from the other relationships", I assume your talking about the crab pattern in your chart and the relationships with the other points in the pattern?
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KLang PRO littleriver
Yes. A good reference site is www.neoharmonics (education tab) for patterns and fib relationships
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Thank you.
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