And last idea is large Crab pattern. In this case D point or PRZ (potential reversal zone) will go above yellow level (and this drop can't be 123 and seeking for 4) because will in that case go in zone of 2 wave. But can be from elliott wave prospective be ABC for W down and this correction making X of WXY. And that can be very bearish case where we looking Y wave down go very deep. One of reason I don't prefer this idea but just to have in back of your mind.
REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
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