Price is in rally since November and it looks it has a little more to the upside. If it continues its way soon it will enter a zone where it will complete two bearish harmonic patterns. A bat and a crab pattern. Both D points of the patterns are almost at the same level which make it difficult to be broken. A divergence with MACD adds to our setup.
Ptoploss and profit targets as shown at the chart. If price reaches the first target move stoploss to breakeven at the second position
A better view of crab pattern:
Ptoploss and profit targets as shown at the chart. If price reaches the first target move stoploss to breakeven at the second position
A better view of crab pattern:
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