HomeFreeHow to draw Harmonics manually part 2

Following up on last night’s post, in which we drew the 113 and 127% projections of the XA leg. We now see that overnight the ES moved another 12 points higher, right up to the 127%, and backed down to the 113% again.

As I suggested last night; zoom out and draw another pattern starting with XA leg from the 8/27 high :

ES-9-9-15-exampleThe XA leg from last night’s pattern is now the BC leg.

Perfect retrace AB leg to the 78.6%XA

Perfect retrace BC leg to the 88.6%AB

If it gets over the “X” high, which is inline with the 127%BC then we can watch the XA projections starting with the 113%XA at +/- 2005.

Hope it helps in your trading.

 


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