UPDATE... so we have seen several harmonics play out.
Yesterday I posted a early level chart, but it paid off in its moves greatly. Today I was expecting a bearish engulfing candle- and we got that... today has been more about patience. The bearish shark (mentioned yesterday and in red) leads us to a forming shark (yellow). Today we will want to watch this bearish candle get to 19.45 to 19.84 before we see a quick move back up to a avg target of 22.40 (#1). This is our first leg of profits... then we will get the consolidation and possible fake out to the downside.
Its not all gravy- we could actually fail (that area is shown)... so don't sit in this thinking it will go up and the price action keeps falling thru this area. INO has shown us what a failed Crab formation looks like... so I do respect it.
However if price action plays back to the upside we will want to set up around 20.35 and targeting 24.00 for a nice 18% gain. For the real traders with the guts- we will wish to hold on until 26.50 (30% gain) if we see the bullish bounce off the bearish crab. This will take us to 26.50 before we see pull backs.
Forgive the late update- its difficult to do these and trade at the same time lol.. and this mornings candle was fast.. and has played some games... but I think we can come down further.
Note:
These embedded micro harmonics are only developing the moves for the first leg of a MACRO harmonic (if you zoom out). Yes its extremely early to call the MACRO, but seeing how all of the awakening started on a bullish crab that we are still riding... we have good probability of going upside. Just will take time. As things develop I will re-update. Sorry for the clutter.. tried to remove as much as possible.
But looks like we are on track now :) CHEERS!
WOLFPACK!
Yesterday I posted a early level chart, but it paid off in its moves greatly. Today I was expecting a bearish engulfing candle- and we got that... today has been more about patience. The bearish shark (mentioned yesterday and in red) leads us to a forming shark (yellow). Today we will want to watch this bearish candle get to 19.45 to 19.84 before we see a quick move back up to a avg target of 22.40 (#1). This is our first leg of profits... then we will get the consolidation and possible fake out to the downside.
Its not all gravy- we could actually fail (that area is shown)... so don't sit in this thinking it will go up and the price action keeps falling thru this area. INO has shown us what a failed Crab formation looks like... so I do respect it.
However if price action plays back to the upside we will want to set up around 20.35 and targeting 24.00 for a nice 18% gain. For the real traders with the guts- we will wish to hold on until 26.50 (30% gain) if we see the bullish bounce off the bearish crab. This will take us to 26.50 before we see pull backs.
Forgive the late update- its difficult to do these and trade at the same time lol.. and this mornings candle was fast.. and has played some games... but I think we can come down further.
Note:
These embedded micro harmonics are only developing the moves for the first leg of a MACRO harmonic (if you zoom out). Yes its extremely early to call the MACRO, but seeing how all of the awakening started on a bullish crab that we are still riding... we have good probability of going upside. Just will take time. As things develop I will re-update. Sorry for the clutter.. tried to remove as much as possible.
But looks like we are on track now :) CHEERS!
WOLFPACK!
Trade active:
Trade entered at 20.24
Trade closed manually:
Trade closed at 21.91- approaching a bearish crab.. and this may take a day or so to complete.. if we get a bullish bounce off it- will re-enter :)
Trade active:
New trade opened 20.05 in consolidation zone.
Moorsc0de aka Crypt0nomics aka Zaphkiel
