Last one on this time frame, just added the BAT that we already completed. Now, the theory is Harmonics test support and resistance
areas - that certainly holds true right now. The Bullish pattern
(on previous chart and calling for more downside) would test the Oct
low area and looks best on the weekly time frame. This pattern (called a Bearish Deep Crab
) calls for upside. The area it is testing can be seen as support on the weekly time frame and has formed around the "B" point of the previous Bat. Logically, it makes sense - these are clearly important areas to test. More observation than anything else.