GBPUSD H1 BUTTERFLY

EURJPY H1 GARTLEY

EURUSD H1 OXABC

AUDUSD M 30 BAT

Leonardo Fibonacci / Retracements

Pre-Release / Testing Phase

Fibonacci retracements will be added for next release of KorHarmony indicator, allowing custom alert with them also if user prefers;

- 38.2%

- 50 %

- 61.8% 

- 78.6 %

- 86.2%

With Wave Theory as most simple approach with them, they are used as follows;

Support; 

38.2% = A Wave

50 % = B Wave and C Wave

61.8% = C Waves and W2 Waves

78.6% = Maximum for W2 Waves

86.2% = 21 Different Flats + B waves

For resistance all as inverse.

Additionally they are added also for upcoming Pattern MornitorTable

EURJPY M15 chart

I was short on EURJPY until this morning. Up about 530 AM EST, a Bull Gartley had formed on M15, M30, and H charts. I hastily closed my positions and waited for a reversal candle. I entered on the first DOJI- wrong answer as it continued down another 60 pips or so. From the initieal completion of the pattern to point of reversal seemed to take about 4 hours to play out.

Pre-Release Testing; Next Generation Pattern Signal Monitor System

USDCAD M 15 BAT