on WTI oil we see a similar pattern as we did on BRENT OIL a bear AB=CD. this time we have a 618 "C" retracement of the AB. the BC Projection of the 1618 and the ABC extension again almost line up perfectly creating a very narrow PRZ. when considering trades on harmonic patterns wait for the "T-Bar" to violate the entire PRZ before taking positions!
Comment:
AS OF AUG 8TH PA HIT A SUPPORT LEVEL IN THIS PATTERN IF IT BREAKS THE "C" POINT THEN PATTERN IS VIOLATED!