Couple of examples of 121 pattern spotted by AMPmonitor (based on AMP indicator engine).
emerging 121 pattern:
completed 121 pattern:
live (running) 121 pattern:
More on AMPmonitor check here AMPmonitor related threads and AMPmonitor functionality -> AMPmonitor functionality
For more info about 121 / One2One pattern and the confirmation methods see -> 121 - table of content
Last edited by Admin; 08-08-2012 at 01:49 PM. Reason: 121 pattern and AMP/AMPmonitor - Updated
are you using percise rule based on fib extensions and retracements to build the 121 patterns ?
i noticed in bryce books, he does not include fib levels too much. ( unlike the harmonic patterns which is all very fib rule based)
It would be Great if ADMIN. could do a chart like the harmonic one attached for all the 121 patterns.
yes, we use some basic fibo rules for the 121 pattern, beside the AB=CD. This is to filter out some bases where especially C point is too far from A point.
Anyway we are confirming the entry and validity of the pattern by couple other methods as well.
Where can I find the forexfactory news indicator?