Some Harmonic Patterns to Look Out for on GBPUSD
The Deep Crab is the one that I don't want to forget about here, with that heavy support just above it, but it is likely many weeks off, if it even completes at all.
We still await price reaction before reaching 0.886 retracement of XA to keep the Bat and Crab pattern valid. The Bat may complete within a few days. The Crab is likely to be at least a week out.
We still await price reaction before reaching 0.886 retracement of XA to keep the Bat and Crab pattern valid. The Bat may complete within a few days. The Crab is likely to be at least a week out.
Comment:
Should have zoomed in before posting. Both the Crab and Bat patterns are invalid, as the anchor of XA was breached. The Deep Crab is still valid, though.
Comment:
The Cypher reached target. Deep Crab still awaits confirmation (by price reaching D before moving down more than 88.6% into XA.
The Cypher reached target. Deep Crab still awaits confirmation (by price reaching D before moving down more than 88.6% into XA.
