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to set the record straight on harmonics - in order to be effective there has to be price and time
price retracement from low 991 to high 1080 was to a fib price ratio zone between fib ratio 61.8 (1025) and fib ratio 70.7 (1017) (horizonal red shaded area)
time from gann swing low of 2 sep to gann swing low of 2 oct was fib time ratio 21 (beginning of vertical blue shaded area)
sq144 is trying to trap the bulls - if not successful then cardinal 5760' 1089 is next test
W.D. Gann often cited the quote from Solomon in the Bible, "That which has been is that which will be. And that which had been done is that which will be done. So there is nothing new under the sun."
if any of you traders want to see prolly the best pnf guru in action - go to stockcharts.com - then to public charts lists - then to brain dead simple by ted burge (the first one on the list) - then go to the spx 30min candle stick chart - then look at the tedlines on the left side - tedlines is what he calls s/r - the dotted lines are updated everyday for intraday level s/r
the guy is amazing - and yes the price is right - FREE
and yes (nameless) my intentions are to help follow traders