AUD/JPY 4h Bearish Crab + Trend Lines
Here, we have a Bearish Crab on the 4h chart.
Valid measurements for a Crab pattern:
B: 0.382 - 0.618 ----> (0.586)
C: 0.386 - 0.886 ----> (0.859)
D: 2.24 - 3.618 ----> (3.049)
X to D: 1.618 ----> (1.618)
Also, we have a trend line running under C and D point.
The second trend line that is barely visible, shown just above D point, is part of a descending channel that has been running for the past year.
With these two trend line running into one another, along with the Bearish Crab harmonic pattern, we have confirmations on multiple time charts that price is about to reverse.
I am very excited to see how this trade will play out in the weeks to come.
InstaGram - @_c_schultheis
Valid measurements for a Crab pattern:
B: 0.382 - 0.618 ----> (0.586)
C: 0.386 - 0.886 ----> (0.859)
D: 2.24 - 3.618 ----> (3.049)
X to D: 1.618 ----> (1.618)
Also, we have a trend line running under C and D point.
The second trend line that is barely visible, shown just above D point, is part of a descending channel that has been running for the past year.
With these two trend line running into one another, along with the Bearish Crab harmonic pattern, we have confirmations on multiple time charts that price is about to reverse.
I am very excited to see how this trade will play out in the weeks to come.
InstaGram - @_c_schultheis