Have you made the observation that XD ratio has a higher priority than the BD ratio? Just wondering about which ratio is more important if only one will be fulfilled.
Your thoughts are much appreciated.
it yields a divergence on a larger move when it is printing point D and as yet I do not see that setting up.
What were you using it to confirm ?
I think Both points B and D are essential in defining the pattern you are completing. Point B tells you if
you have found the potential for a Cypher - Bat - Gartley - or Butterfly. Thus, once defined, point D is
essential as the point of completion for the specific pattern. (.786 - .886 - 1.13 - 1.272) If price does not
reach the completion than it was an incomplete or failed pattern and not a pattern where point D was
placed at the wrong price.
Hope this is some help ~~~~~
Best wishes in your trades !!!
Sometimes there are pattern where point D has exceeded one of the good ratios and reverses in the middle between two ratios. If you have some kind of rule for that, I would be very grateful if you could comment this.
Thanks! Much appreciated.
Regarding standard D-point Fib targets. As to best of my knowledge, harmonic patterns have been studied in details in the beginning of 90-es by relatively narrow circle of professionals. Later, the technology widespread into wider public, and as usually happens was "abused", which led to patterns partial destruction. As a result, nowadays, patterns do not work as perfect as used to be, and one need to know current statistics of realization of D-point.
That's what I heard from another traders.