today AAPL to the penny on the AB=CD down lower PRZ boundary.

the touch of the 398.11, to the penny. 141%BC projection, happened in a quick spike!.

coincidence?

or algos programmed with fibs?!

I bet on the algos. understand them, and use it. whether you think the world is created by fib numbers, or not, doesn't matter. it's working. bottom line.

same with AMZN today, by the way. check 5min chart!

We've talked about AAPL numerous times, and I've had AAPL in my spreadsheeet with targets for months.

well here it is, 1st broke the 200%BC projection, to enter the PRZ, and now right at the exact AB range subtracted from C, to get the D target at 395.27

so for the long term investors/traders, worth to keep a look at  to see if it can reverse out of the PRZ.

posted this on twitter yesterday morning:

$SPY update if brk Ylow, then #ABCD down trgt at 153.62 http://screencast.com/t/th9cBRqJEZJ

chart of the day.

after the PRZ reversal yesterday, SPY put in AB=CD up pattern, with entry at 10AM

another perfect trade. almost double on the 154calls.

boom,  one after the other;

entry 11:40

I dare you to pull up 60min and 5min chart of LULU with the AB=CDup indicator.

over 400% today from entry on 70calls!

LULU entering the PRZ on a 60min chart with entry yesterday morning.

up over 650% on 70 calls (so far)

http://tradersonline-mag.com/

May issue has an article on combining fibs with reversal patterns. Good for beginners IMO, and/or getting some ideas that you can use in combination with the indicator described in this thread.

Hey WWR; just looked at your find "RKT",  Indeed reached the PRZ of the "deep crab" pattern, see post March 30.

up 45 points! from the completed AB=CD down pattern D target.

SPY 30min 200%BC  (minicrash last week, fake AP tweet)   = 159.69

Today's close = 159.69

How'd they know how far to retrace on that minicrash sellof spike ,last week in order to get a projection at today's close? LOL.

follow up AAPL:

Intraday on May 1st the AB=CD-up indicator plotted a perfect pattern, but if you know the harmonic patterns, at that point you would know it could evolve into either a bat or a crab pattern (see link posted at beginning of this thread), since B was a 50% retrace of XA, and C almost a 78.6% retrace of AB.

the Bat pattern would end (after the "entry" on the chart) at a 88.6% retrace of XA, and between 161.8% and 261.8% BC projection.

AAPL surpassed that point quickly, and therefore it could end up as a crab pattern at 161.8% XA projection and between 224% and 361.8% BC projection.

On May 3rd, it did just that. "coincidentally" (yea right), that point was also a 78.6% retrace (dark red) of the larger 3/25 to 4/19 swing (not on chart).

From 395 (the previous mentioned D target on larger daily chart, to 450, not bad.

getting very close!

If it breaks, I'm looking at a "butterfly" harmonic pattern on the weekly chart.

161.8%XA and 261.8%BC end up between 1820 -1850

butterfly asks point B to be a 78.6% XA retracement. in this case its 77.4% , close enough for government work, I guess. 

only one weekly close of just 1point above the 200%BC. So, as of Nov '11, we knew the bernank would mention "tapering" this week.

On electric guitar. I know how to play pinched harmonics. I thought it was the same thing as artificial harmonics only under a different name. Now I find out it's not. So please enlighten me.

Finally!

akonlki231: this thread's purpose is to provide info on harmonic patterns. I have posted many examples, as well las links to sites with information. Any questions, I'll be hapyy to try and answer.

Pthegreat,

I didn't realize that the I needed an upgrade to input your auto draw AB=CD, so as I'm learning the systems, I'm going to wait.

Excellent video BTW.

A couple questions on your excel file.

1) Thrust Level - how are you using this? Is it your buy point on a break out?

2) Target levels B to F, do you see any pattern as to what gets hit more frequently? Obviously "B", but do you get more follow through and eventual hits with the other projections?

3) What AB=CD pattern qualifys as a great candidate for a trade vs another? In other words, what is the main criteria you look for in the pattern?

Lastly, can you share any scan criteria that identifys this setup - ABC's?

Thanks again for sharing your work.

GS fell out of the PRZ, see previous post. good for a great weekly put intraday trade.

SPY weekly; 2nd week close below the 200%BC projection, see previous chart.

SPY closed right at the 141%BC projection, on 10min chart. so monday watch if it can reverse here.

if not, I'll start looking at the 161.8%XA projection and the 261.8% BC projection of the 10min chart:

MCPP; I have been using SF 5.1 beta for a long time, and haven't tried this indicator with any previous SF versions.

I can only discuss the AB=CD indicator here. by the way, I think its obvious, but the XYZ assignments, I used in my earlier charts, should be ABC.

If you start using the ABCD indicator, you'll see that the C point dynamically adjusts, until price breaks the "entry" level. at that point it plots the 1st target of the PRZ, corresponding to the reciprocal fib value.

if I see a market trending on a higher timeframe then the time frame I like to trade, I prefer to trade on the "entry" levels with the PRZ as target, in the same direction as the higher timeframe's trend direction.

This year we've seen a strong uptrend on weekly and daily. as you can see on the weekly chart we just recently reached the PRZ target. In this period the "entry" levels on bearish AB=CD patterns (indicated in blue) on smaller timeframes have worked extremely well. as well as PRZ reversals on Bullish AB=CD patterns (indicated as yellow), although we've seen only a few of those. browse back in this thread, I've posted maybe 2 or 3.

The scan conditions, posted in the realcode thread will trigger on break of "entry" level, as well as breaks of PRZ levels.

so for example; NFLX has been in a strong uptrend. This week NFLX on a 30min timeframe finished a Bullish AB=CD. as soon as it broke the 161.8% to the downside. I watched it carefully to see if it could reverse out of this PRZ. It did, and i had some great gains on weekly calls.

did anyone catch this one?  anyone?!?!?  D of the Bullish AB=CD at 162.65

LOD : 162.66

No - didn't see it, but thanks for the earlier post.

Using your spreadsheet routinely.

261.8% BC = 160.7

What happened today at 160.7 : reversal,  fantastic intraday weekly call trades all over.

After Today's dazzling performance by Berry, I think it migh be appropriate to update the long term charts:

reminder; we pulled back right at the 200%BC - 113%XA, (on the chart since Oct '11) on par with Bernanke whispering "Tapering".

Now that he assure that everything is under control, I have a feeling these levels will break:

and the daily :

oh, and by the way, if you'd use the indicator, you would have had a high probability on 6/19 that the reversal would occur in the low 156 area :

which indeed happened on the next Monday:

good trading!

Thanks for the updates.

Really appreciate the charts  &  analysis.

Hello  great the peter fib charts !!  I'm not able to locate the excel file / spreadsheet. Could someone kindly proivide me a link to that post or thread    TIA

It's on the 1st page of this thread:

Posted : Wednesday, January 02, 2013 12:20:57 PM

there's a link in that post, which will open up the spreadsheet,. the harmonic (AB=CD)calculator is on the 2nd tab of the spreadsheet.

but here is the link again:

http://www.mediafire.com/view/?jglx0m8sn61tk12

Thank you Peter...  The shorter time frames make me nervous and I am sure it will work on the daily and above time frames.

Yes, and as a general rule I trade start of CD legs (the "entry" on my charts) on timeframe that has same trend as the higher timeframe. and trade PRZ reversals of patterns that counter the trend of the higher timeframe.

Although I trade the smaller timeframes, I observe, and respect the patterns on the higher timeframes. e.g. the weekly SPY chart I recently posted shows price running into the 113% extension now for the second time. So currently I trade light, and will be more aggresive once (if) it clears that fib.

Dear Peter

Im kinda new to Telechart in general, is there a way to use your indicator? in TC2000 13.3? If there is, what should I do? this analyse of yours sounds very exciting, and im looking foward to test it out as im a day trader my self.

best regards

Kavinsky

Hi Kavinsky,

No, this indicator will only work in Stockfinder, however if you understand the concept, you can use the fibonacci drawing tools in TC, and do it manually.

so over the past couple weeks we've seen the 200%BC and 113%XA turn from resistance into support

which we see here on a 4hr chart. The bounce of the weekly 113%XA however, ended this week right into the PRZ of an AB=CD

On the 15min chart it has surpassed most of the targets, with the 200%BC and 161.8% still on the upside.

Intraday last Friday, there was an entry for a new pattern appeared just after 11:15, with targets reached at  12:35 and 1:20, followed by a short pullback:

the pullback triggered a new AB=CD with target 171.02, right inline with the 127%XA, and it closed just between this and the 113%XA.

the 161.8% XA and  the 161.8%XA of the 15min chart are right inline around 171.3

so my initial plan for Monday is to wait and see and observe these levels carefully. A retest of the 7/24 highs, would get my attention to look for new long entries.

and the chart of the week, or maybe even chart of the year:

pthegreat Thanks for sharing. This is very informative. 

broke below the 161.8% , look at entry of the posted 3min chart, intraday chart : Sitting On Hands

quick update:

previous post of the 4hour chart indicated the top for now, and reversed out of that PRZ

subsequently it started a new pattern with an entry at  169.29 and 161.8% XA target around 165.4. Yesterday SPY closed below the 127%XA and pre market low just below 166.

the 161.8%XA is also close to a 38.2% retrace of "C" on the previous posted 4hr chart.

So this area should be closely watched, for a reversal, or a brk for further retrace of the "C" at 155.73

getting closer and closer to the weekly SPY PRZ at 177.86 - 181.  see previous chart

also ; multiply 261.8% with 3/6/09 close     ;-)

buy the dippers being challenged here.

SPY monthly $0.20 of the target of the AB=CD pattern in play since november '11 :

and yet again a perfect reversal at the PRZ, 200%BC 5min chart.

This is getting very interesting. Today hit the Monthly D target by just 3 pennies !!!