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Andre_Cardoso
Jan 24, 2016 3:01 PM

(1h) Structure // Impulse // Harmonic Bat // IF=THEN ® Long

New Zealand Dollar/U.S. DollarFXCM

Description

FX:NZDUSD

iMPULSE LEG:

Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);
wave 4 = 38.2% of wave 3 (can never overlap wave 1 [i.e., cross into the same price area]);
wave 5 = wave 1

CORRECTiON:

Wave A = usually around the 50%/61.8% of wave 5
Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A
Wave C = Wave A (AB=CD)
161% ext Wave A
262% ext Wave A

BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD

Safe Trades;
Comments
riccardo.pradella
which kind of pattern is? not impulse...
Andre_Cardoso
yes, this was not an impulse, invalidated... bat and gartley
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