Harmonic Trading - page 26

[phildunn]

I have followed this thread for few days,may I ask what is prz actually? Thanks.

[Arta2015]

phildunn:
I have followed this thread for few days,may I ask what is prz actually? Thanks.

HI

PRZ is Price Reversal Zone.

according to the patternns and cnverging of certain fib ratios we found a high probable zone for price reversal.the zone called PRZ.in the PRZ we look closely price action so whenever we have significant reversal signs in the PRZ

we jump in.it is a brief description of PRZ.

kamyar

[phildunn]

kamyar:
HI

PRZ is Price Reversal Zone.

according to the patternns and cnverging of certain fib ratios we found a high probable zone for price reversal.the zone called PRZ.in the PRZ we look closely price action so whenever we have significant reversal signs in the PRZ

we jump in.it is a brief description of PRZ.

kamyar

Ok,thx for explanation.

[Arta2015]

hi

i put here a pic of two patterns in chfjpy just for showing how accurate these patterns are.

enjoy

[leutzuro]

kamyar i think you make some great pips this week:)

keep going

[eli]

what do u think?

in 4h it start to fall down and in 1D AB=CD

[Arta2015]

elihayun:
in 4h it start to fall down and in 1D AB=CD

hi eli

first of all please plot all ratio on your chart to make following your patterns easier.

ABOUT the pattern u attached:

1-yes it will be a pattern but u use too longer term pattern.i personally use weekly rarely.

2-as u can see in the attatched pic the potential pattern can be BEARISH BUTTERFLY with a big PRZ(about 150pips).there is a point:

the less PRZ the more accurancy of the prz.

3-other problem in short term analysy is weekly pivot res3 line.it is a strong resistance and obstacle for establishing the pattern.

IF U LOOK CLOSER U CAN FIND MANY BETTER AND MORE ACCURATE PATTERNS.

but IF THIS PATTERN WIILL BE ESTABLISHED IT WOULD BE AN IDEAL ONE AND A GOOD LONG TERM SELL OPPURTUNITY

[Arta2015]

hi

here are two strong probable PRZ that make falling the price high probable.

let see what will happen.

[Arta2015]

hi

here is the latest situation of eurusd and the probable reversal zones.

[Arta2015]

here is the combination of two ideal patterns.

1-bullish gartley

2-bullish AB=CD