This week will be an interesting week because on wednesday this week we have the FOMC meeting and the forecast is to an rate hike. For the harmonic trader, here is an harmonic view of two possible scenario. Its either gonna go up from the current point or the lowest one that I did put on the chart.
Current Harmonic Pattern: BAT
--
The perfect Bullish Bat require
an 88.6% for the XA leg and
200% for the BC Projection.
--
We currently are on the 200%
--------------------------------------
Violated BAT Pattern
--
If the BAT Pattern is violated,
I already see a perfect crab
pattern in formation.
--
A CRAB Pattern requires an
161.8% for the XA leg and
361% for the BC Projection.
Trade with care,
PC
Current Harmonic Pattern: BAT
--
The perfect Bullish Bat require
an 88.6% for the XA leg and
200% for the BC Projection.
--
We currently are on the 200%
--------------------------------------
Violated BAT Pattern
--
If the BAT Pattern is violated,
I already see a perfect crab
pattern in formation.
--
A CRAB Pattern requires an
161.8% for the XA leg and
361% for the BC Projection.
Trade with care,
PC