Early signs of a crab pattern in the making, all Fib levels respected, solid break of $400 would give assurance to the pattern, solid break of the X point should validate this pattern. This will take sometime to play out but looks good until we close below $325 level
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Ehhrrrmm i'm growing weary, trade is shaping up where I can see it becoming invalid swiftly
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So feelings can flip quickly but once we stick to our trade plan we will be fine (SL) untouched despite the previously bearish looking PA. We now have PA leaning in favor of the bulls. Strong daily close means I move my SL to $350 reducing my risk if trade just happens to go against me
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Forgot to mention that $400 Resistance is still a major hurdle which could result in the pattern being invalidated bulls must show strength
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SL moved to break even, not willing to go under water after such a long time, this pattern looks shaky
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Well, we are here at $400, look at the volume spike, look at the strength of the bulls as we approach the end of the day. SL is still at break even. I expect upside
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While this trade in is in good profit, i'm kinda close to throwing the harmonic pattern out the window, the symmetry is horribly off
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This is what i'm working with currently
Trade closed manually
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This pattern is playing out as intended, good thing is this is closed in profit