Hi there, sorry I am quite new to harmonic patterns. Isn't this anticipating that it will go up to 188.50? Or is the rectangle that says 2.0% = ABCD some significant point where if it fails to break above, there is a high chance of a move to the downside?
slrocheleau
⋅
@franciskim, the 2.0% = AB=CD pattern completion. could short here with targets at the .382% of BC with stops above the 2.0% or you could wait to see if the Crab pattern completes before shorting. up to you