Looks like a bullish bat finished painting. It is up, up and away now. The bat gets invalidated if there is further movement to the downside. Stops at X.
Quick note about the harmonics. When it finishes painting, a retrace is expected. Can be any fib of XA leg. I believe 0.68, 1.0, .38 are most usually seen in that order (by my personal experience). The price can come down after the retrace is finished.
Quick note about the harmonics. When it finishes painting, a retrace is expected. Can be any fib of XA leg. I believe 0.68, 1.0, .38 are most usually seen in that order (by my personal experience). The price can come down after the retrace is finished.