BATS:SPY   SPDR S&P 500 ETF
444 8 10
Currently holding on to weekly Puts on SPY             . Ready to switch towards a bullish move if 140.20 price is targeted.

AB=CD harmonic pattern is one of the many harmonic patterns that are extensively used to come out with a possible pattern of movement of currencies and stocks over a certain period of time. The main purpose of this particular Harmonic trading pattern is to enable the investor to move in and move out at the right time so that he or she is able to maximize his/her profits. It goes without saying that the main purpose of being in the forex market is to make some decent profit taking advantage of the movement of currencies . It indeed helps traders and investors to formulate a very well planned trading and investing strategy that can cut down on losses and maximize profits.

The concept of AB=CD harmonic pattern was discovered and offered to the financial world by Larry Pesavento. This formation clearly explains how the whole pattern is based on the theory that prices in financial markets would follow a certain pattern when it comes to reverse from an upward movement or a downward movement. Hence, there is a definite pattern that will emerge, if a historical analysis of such movement is made. The main purpose of such Harmonic trading pattern is to ensure that the customer gets to enjoy the maximum benefit by being inside at the right time and coming out at the right time. This rallying and retracing usually happens twice over a period of time and that is when a uniform channel AB = CD is formed; it could be termed as the ideal percentages, both in the bullish and bearish direction. The following two images will make the whole situation, a bit clearer

http://www.fxtechnicaltrade.com/wp-content/uploads/2011/11/Bullish-Harmonic.png
still bullish ... however, do not think we will reach these lows anymore.
Reply
NOTE: Next time focus on fractal patterns
Reply
babyyyy
3 years ago

Hello
Am jennifer,
i saw your profile today and became interested in you, i will like to know you the more, and i want you to send an email to my mail so that i can give you my picture for you to know whom i am. Here is my email address (jennifer2012j0be@hotmail.com) I believe we can move from here. I am waiting for your reply in my mail don't send it in the site.
Remember the distance or color does not matter but love matters allot in life
(jennifer2012j0be@hotmail.com)
Reply
babyyyy
3 years ago

Hello
Am jennifer,
i saw your profile today and became interested in you, i will like to know you the more, and i want you to send an email to my mail so that i can give you my picture for you to know whom i am. Here is my email address (jennifer2012j0be@hotmail.com) I believe we can move from here. I am waiting for your reply in my mail don't send it in the site.
Remember the distance or color does not matter but love matters allot in life
(jennifer2012j0be@hotmail.com)
Reply
babyyyy
3 years ago

Hello
Am jennifer,
i saw your profile today and became interested in you, i will like to know you the more, and i want you to send an email to my mail so that i can give you my picture for you to know whom i am. Here is my email address (jennifer2012j0be@hotmail.com) I believe we can move from here. I am waiting for your reply in my mail don't send it in the site.
Remember the distance or color does not matter but love matters allot in life
(jennifer2012j0be@hotmail.com)
Reply
right idea ... slightly wrong on angle... keep this one in the vault
Reply
JamesG
3 years ago
nice job!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out