Harmonic Impulse Waves

Question 1

1.13 Extension

Answer 1

• The 1.13 extension usually represents a failed breakout or breakdown of an established prior resistance or support point, respectively
• The simple 1.13 extension represents a critical level in confirming breakouts and breakdown
• The 1.13 extension frequently represents a make-or-break support or resistance level in many technical situations, and it can serve to define stop loss limits in real trading scenario

Question 2

Bullish 1.13 Extension

Answer 2

Question 3

Bearish 1.13 Extension

Answer 3

Question 4

Extreme Bullish Harmonic Impulse Wave

Answer 4

Question 5

Extreme Bearish Harmonic Impulse Wave

Answer 5

Question 6

Extreme Bullish Harmonic Impulse Wave @ 0.886 Retracement

Answer 6

Question 7

Extreme Bearish Harmonic Impulse Wave @ 0.886 Retracement

Answer 7

Question 8

Valid 5-0 patterns

Answer 8

• Typically represent the first pullback of a significant trend reversal
• In many instances, the AB leg of the structure is a failed final wave of an extended trend