Tradesy1

Bearish Deep Crab (4H)

Short
FX:EURUSD   Euro / U.S. Dollar
Adding confluence to the Daily Crab , this Deep crab has hit the required measurements of 161.8% XA, AB=CD 127.2% and the 261.8% BC projection.

Reversals of this magnitude are generally volatile processes and take a considerable amount of time.

Expect a large amount of choppy movement as the bears begin to take control back from the Bulls.


Higher time frame patterns should be used as bias for entering trades on lower time frames.
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Comments

My system indicates that it will hit your target. However the caveat is that is will first form a double top much higher than the previous. I will most likely hang in your red zone for a day before moving down. I'm just testing my newly developed system for accuracy. So far it's given me uncanny accuracy and mid to long term forecasts. Well see how it works out. Good luck to you.
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@ArtT,

Good luck with your system.
Reply
excellent analysis. Keep up.
Reply
Tradesy1 abel11
@abel11,

I've been at it a while but cheers for the encouraging words
Reply
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