Short
it has the chance to be a descending crab

it needs to breakout the descending blue line to think about the reversal patterns.
X=$0.01
AB=0.61 XA
BC=0.38 AB
0.88 BC=$0.47 *crab reversal*
1.13 BC=$0.263 *cypher and shark reversal*
1.41 BC=$0.134 *cypher reversal*
*1.6 BC=$0.082 *shark reversal*
0.78 XA=$0.073
2 BC=$0.0329
*0.88 XA=$0.0292 *bat*
2.24 BC=$0.0185
*2.6 BC=$0.0074 *final target of bat*
1.13 XA=$0.003
*3.6 BC=$0.0006
4.23 BC=$0.0001
*1.6 XA=$0 *final target of crab*
X=$0.01
AB=0.61 XA
BC=0.38 AB
0.88 BC=$0.47 *crab reversal*
1.13 BC=$0.263 *cypher and shark reversal*
1.41 BC=$0.134 *cypher reversal*
*1.6 BC=$0.082 *shark reversal*
0.78 XA=$0.073
2 BC=$0.0329
*0.88 XA=$0.0292 *bat*
2.24 BC=$0.0185
*2.6 BC=$0.0074 *final target of bat*
1.13 XA=$0.003
*3.6 BC=$0.0006
4.23 BC=$0.0001
*1.6 XA=$0 *final target of crab*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.