Harmonics Basis

[ariel 10]

What is the basis for the harmonic movement in financial markets?

What are the foundations for the harmonic movement and harmonic patterns? Why do they work? Are they related with the theory of Dow, are they based on the same theories?

 

I'm writting an article and if you could help me with some articles would be great.

[letel002 10]

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[UrmaBlume 10]

What is the basis for the harmonic movement in financial markets?

I'm writting an article and if you could help me with some articles would be great.

 

The basis for any price movement in any market is not a price formation but an inbalance between buying and selling. Order Flow.

 

I think the biggest loss in trying to apply the theory of perfect harmonics to the markets is that it is most often applied to price and price only. Price is not a cause but is a result.

 

The graphs below show an algorithm that runs on the balance of trade volumes and does not consider price or changes in price, yet, mirrors price and in most cases LEADS price.

 

Certainly the shapes are in perfect harmony as to the expansion and contraction of butying and selling and at the same time most of the changes lead price changes.

 

The algorithms designed to demonstrate a perfect harmonic should be applied to the CAUSE of the price movement, not the price itself.

 

Please clidk to enlarge image

 

 

 

cheers

 

UrmaBlume