Thursday, September 17, 2009

I'm looking at a potential CD leg of a Harmonic pattern finishing at D? seen in the gray target.  We've seen AB reject 61.8 XA and BC reject 88.6 AB. The target box is a confluence of 100 PDMM  projected from C and the 78.6/88.6 of XA. I always look at the first fib past B as initial target for pattern completion.

If the target area hold and we have pattern completion, then price will continue long toward weekly/monthly target levels that have been previously shown.

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