back start next
[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [ 44 ] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95]
44 HALIBURTON (HAL): WEEKLY BULLISH 1.27AB=CD A... SBigCharts. <:m\ One of the most significant numbers was the major .618 retracement projected from the 92 low at 10 7/8 (pt. X) to the 97 high at 63 3/4 (pt. A). The .618 falls just above 31. Also, the 1.618 of the leg was calculated to complete at 30 1/2. So, these two calculations were indicating a better potential setup just above 30. When this situation occurs where the AB=CD does not converge with several other numbers, you should use the altemate projection of the AB=CD. In this case, the 1.27 of the AB leg projected a completion point for CD at 28. So, with this additional calculation, the potential reversal zone has three numbers within three points. Therefore, tiie potential reversal zone was between 28 and 31. In such a longterm chart, these numbers are close enough for a good setup. The altemate calculation of the 1.27 of the AB leg proved to be a
good entry point for a buy, as the stock reversed at 27 1/16  which was within a point of the projection. This chart is an excellent example of an altemate calculation accurately gauging the price action. The 1.27 altemate projection proved to be good support. Another important aspect of this chart is that the congregation of numbers generally indicated the area to buy. The three harmonic calculations that converged around 30 on such a longterm chart proved to be a good opportunity to buy this stock. Remember, when multiple harmonic projections occur within a defmed area, you must consider that a highly probable area for a reversal. These type of setups occur with the 1.618 altemate projection of AB=CD, as well. Although I did not provide an example, I believe you get the picture with the example of Haliburton. The most important aspect is that other Fibonacci projections converge in the same area as the altemate AB=CD. Bearish Alternate 1.27 or 1.618 AB=CD 1.618ab=cd 1.27ab=cd ab=cd BEAmSH 1.27 or 1.618 ab = cd sell at point d!
The bearish altemate AB=CD projection is extremely useful in gauging a clear AB=CD pattem that becomes extended. Again, it is important to observe other harmonic calculations around this same area. But, the altemate 1.27 or 1.618 projection can accurately define other potential reversal zones. The following chart of Gateway Computer illustrates the effectiveness ofthe altemate AB==CD projections. This pattem developed over a fourmonth period and reversed almost exactly off the 1.27 of the AB leg. This aiea was complemented by the projection, and it suggested a potential selling opportunity above 80. GATEWAY COIVIPUTER(GTW):DAILYjj BEAMSH 1.27AB=CD ©BigCharts.ccm
[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [ 44 ] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95]
