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One question about the rule table: it doesn't say anything about Fib projection from AB to CD. Does it actually means that AB should be equal CD in all patterns? Can it be a 1.272 or 1.618 Fib projection?
thanks,
NT
Last edited by nirvanatiger; 04-10-2006 at 08:59 PM.
The reason I need a well defined rules is that I started developing an indicator for these patterns, I started with the bearish butterfly,
I'm attaching the indicator,
u can test with the earlier charts posted by kamyar last week,
test it with EURUSD,4H and EURCAD,4H
The reason I need a well defined rules is that I started developing an indicator for these patterns, I started with the bearish butterfly,
I'm attaching the indicator,
u can test with the earlier charts posted by kamyar last week,
test it with EURUSD,4H and EURCAD,4H
hi ziko123
thanks for your effort.about the indicator:
see the earlier comments of the thread and u will find the rules.
take a llok at the pic.the pattern that the indicator have found is not a valid pattern.
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