The Deep Bullish Crab it's being formed inside the range and also over the correction trend,
so I consider it a pullback pattern cause I firmly believe it's going to make the price come back to the real uptrend.
This edge only has got just one correlation point that's the support zone, that give to us a strong probability of a possible
continuation of the price to the uptrend.
Tha's been said, let's go to the rules:
1. The price has to make a false breakout so the harmonic pattern can be complete;
2. The pattern must be complete at the D point;
3. The PRZ must be tested;
4. Wait for a reversal sign ( a candlestick pattern even the Stoch RSI indicator is a good provider of reversal signal);
5. Wait for a confirmation sign ( Candlestick and Stoch RSI or just RSI );
7. If you follow all these rules and the price shows to you the right time to trade then you must do it.
Jony Sonjamba(JonyFxHunter)
Pips Hunters Forex
so I consider it a pullback pattern cause I firmly believe it's going to make the price come back to the real uptrend.
This edge only has got just one correlation point that's the support zone, that give to us a strong probability of a possible
continuation of the price to the uptrend.
Tha's been said, let's go to the rules:
1. The price has to make a false breakout so the harmonic pattern can be complete;
2. The pattern must be complete at the D point;
3. The PRZ must be tested;
4. Wait for a reversal sign ( a candlestick pattern even the Stoch RSI indicator is a good provider of reversal signal);
5. Wait for a confirmation sign ( Candlestick and Stoch RSI or just RSI );
7. If you follow all these rules and the price shows to you the right time to trade then you must do it.
Jony Sonjamba(JonyFxHunter)
Pips Hunters Forex
Comment:
Pay attention to that, it can be the second restest of the PRZ, and second opportunity to trade again.