Ok… @Agarwala , tell me something, if i am not taking fibonacci numbers while forming the AB=CD parallelogram, is it still valid??
Otherwise, i can take any numbers and form the abcd format just by calculating C point and inversing it…
From what i understood, in case of abcd the fibonacci numbers are very strict…
Otherwise the structure is invalid
But incase of crab and gartley where the ab=cd is required but the reciprocal relationship must be there between C point and Bc projection is the most imp not the fibonacci numbers …
THis is actually debatable as the book mentions only the perfect case scenarios but not the variations and how to judge while variations occur…
See this example from ashok leyland, the same case i was discussing 2 posts before, i rejected the AB=CD not because the bearish pattern didnt work, but the ratios are not fibonacci numbers…
I feel we cant be so hell bent on the harmonics, that it has to form everytime when a xabcd or abcd forms, the magic of abcd i feel happens when the fib numbers happen…
I took that bottom in your NaLcO because the author does so, and does not follow trend lines…and it was also making sense as i as getting 0.707 a complemetary derived ratio (0.707 = Square root of 0.50 ; 0.5 being another complementary derived ratio of the fibonacci series)…
Disclaimer… i am also new to harmonics , so my opinions are mainly textbookish rather than traded experiences