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Symmetry (AB=CD) Drawing Tool NT8
Part of the Harmonic Trader Platform
Symmetry (AB=CD) Drawing Tool for NT8
Allows you to quickly analyze symmetrical market movements by simply drawing a line from point A to point C.
Other features include:
- Add as many Fibonacci levels as you’d like
- Customize the appearance of the levels
- Add a Pitchfork with customizable levels
- Output a Potential Reversal Zone (based on Harmonic Pattern logic)
Easy to Use!
The Symmetry AB=CD Drawing Tool acts like any other built in NinjaTrader Drawing Tool. You can access it from the Drawing Tool drop down or from the Harmonic Trader Platform Toolbar.
A shortcut is easily accessible from via the icon on the Harmonic Trader Platform Toolbar.
This tool (AB=CD, sometimes referred to as simply “ABCD”) is a great way of analyzing symmetrical moves. In other words, looking at the range of one swing and giving potential targets of the next swing in the same direction.
In the example below, if you want to analyze the relationship between the swings indicated by the two blue arrows, you can use the AB=CD Drawing Tool by drawing where the red arrow is indicated (from low of the swing to the low of the swing).
When using this tool, you will always draw from a low point to a low point or a high point to a high point. This equates to drawing from point A to point C. At this point, the tool will automatically find point B, then project the range of the AB leg from point C to give you point D.
Here is the result of using the tool in the above example. As you can see, the swing from A to B is equal to the swing from C to D (AB=CD). Symmetry!
Here is another example where AB=CD to the downside. In this example, you draw a line from the high of A to the high of C and the labels and lines are all drawn for you.
Often the market swings move in a Fibonacci relationships to the AB leg, thus there is the option to include additional Fibonacci levels to this CD line. The major levels are 61.8%, 127.2%, and 161.8%, but you can add or remove as many as you’d like!
In this example, the market found support on the 61.8% of the range of the AB leg.
Here is an example of the market going to the 150% extension. Another way to think of this is 150% of the AB leg, projected from point C. As you can see, there was a reaction at the “D” point (100% of AB), as well.
Potential Reversal Zone
Automatically add a Potential Reversal Zone to the Symmetry tool! This proprietary feature is based on Harmonic Pattern logic. (Note, this area will always be beyond the B point.)
In the example below, the red shaded area is outputted based on the chosen AB=CD swings. Will we get more of a downside reaction here? Be cautious of your longs!
Basic Tool Use
This video covers the basic use of the Harmonic Pattern Analyzer and the Symmetry (AB=CD) tool.
How to use the Symmetry (AB=CD) Drawing Tool for NT8
This video gives you the basics of how to draw with the tool itself.
Putting the Symmetry (AB=CD) Tool to Use
After you know how to draw with the tool, this video puts it into practice.
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Trading contains risk of loss and is not for all investors. The information on this site is meant for educational purposes only. There is no guarantee that you will profit from the information contained herein. Past performance is not necessarily indicative of future results. The information contained on this site is meant to be used as just another tool to assist you in arriving at your trading decisions.
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