The number twelve is full of magic and hidden symbols; we have a twelve-hour clock scale, we had twelve apostles, there is The Dirty Dozen and 12 Angry Men movie, we have 12 zodiac signs or twelve months in one year.
The symbolism of the number twelve goes beyond purely religious and astrological aspects.
The number twelve represents one-thirtieth of a full 360-degree cycle, therefore the number twelve and its multiples can be successfully used to predict turning points of the markets due to its cyclical correlation.
In the video below you can watch one of the ways to use the number 12 to determine harmonics or cyclic points of the market.
In the video shown I did not give details of the indicator settings that were used to determine the harmonics of the chart points, so below I present the way in which the indicator parameters should be entered.
The indicator used is Fibonacci Time Zones.
On the MT4 platform you can find it in Insert >> Fibonacci >> Time Zones.
To edit indicator settings, double-click on the indicator in the chart, then right-click to display the menu and click on Fibo TimeZone Properties.
The level settings are as follows; 0, 1, 12, 24, 36, 48, 60, 72, 84, 96, 108, 120, 132, 144, 156, 168, 180, 192, 204, 216, 228, 240, 252, 264, 276, 288, 300, 312, 324, 336, 348 and 360. You can enter the same values in the Description column. I did not enter anything in this column.
Now that you have all the settings ready, you can do nothing but enjoy its benefits. Happy trading.