Bryce Gilmore in his book Dynamic time and price analysis of market trends,says that harmonic ratios are just as important as Fibonacci.Harmonic ratios are generated from the diagonal relationships of the square and are important in music.I have put an important harmonic ratio,0.707,on the Dax chart and was interested to see where it came out,close to the 100% alternate range projection.On the Nasdaq100 we are at the 0.707% retracement of the preceding bear market.Nasdaq is the market to watch as it seems to be leading on the upside.
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