ok jos, thanks.. first I apply Fibo retracement (like the video), then I delete it and then I apply the fibo channel (with the fibo level you suggested me)? I try do it now
Good morning to all! I think I have a problem with this technique.
I apologize in advance if you lose your precious time with my "problem", but I tried again to carry out the instructions of the video with one exception: I don't draw the butterfly with points just because it is already designed by Korharmonics indi.
I uploaded a link with my pictures of the steps in the recent case about a butterfly found recently by Korharmonics, EURUSD currency, M15 tf.
Steps 8 and 9 are crucial (if I have previously done it correctly), as you see it creates a fibo channel (with the changes that jos has kindly suggested to me) very different from what I see in your pictures and video posted above .
If you have any idea (or fix) to let me see, you are well come!
Hi john, i was looking at the pictures, i've noticed that where the point 2 of the channel should be there is nothing... unfortunately in my chart korharmonic doesent show that pattern so i 've used one on usdchf on 30 min tf... And this is what i obtain, i start the channel in the X point, so that point 1 is on the X-B leg of the pattern... Then i move the action line to X-A leg, point 2 of the picture, and i obtain the point 3 right where D point should be... Again in the bullish pattern i start the channel in X point, and point one is on X-B leg, point 2 in X-A leg, and the projection is on D point...
I hope it will help, sorry i'm poor at explaining things XD, Joswald should enlightened you more
P.S, Joswald if i'm doing it wrong please also enlight me
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