USDHUF - The slow thinker.
Hello all,
Today, we are posting my observation of the recent crab structure USDHUF has displayed, and is now giving a great regression into it's extension levels. Depicted are the 1.13, 1.27, 1,41 and 1.618 extension levels.
As the chart suggests, we should see a nice move into the 1.13, and then into (B). These moves are most typically strongly considered only after tapping the 1.13 PRZ. This happens quite often, and results in a lengthy run for the asset pair(s)
Of course, use caution; whilst harmonix are a great tool to utilize during a traders analysis, it can be violated like any other theory. This depiction is simply a technical analysis that aims to help other harmonic traders in their consideration of this trade.
Happy charting,
-Richie
Today, we are posting my observation of the recent crab structure USDHUF has displayed, and is now giving a great regression into it's extension levels. Depicted are the 1.13, 1.27, 1,41 and 1.618 extension levels.
As the chart suggests, we should see a nice move into the 1.13, and then into (B). These moves are most typically strongly considered only after tapping the 1.13 PRZ. This happens quite often, and results in a lengthy run for the asset pair(s)
Of course, use caution; whilst harmonix are a great tool to utilize during a traders analysis, it can be violated like any other theory. This depiction is simply a technical analysis that aims to help other harmonic traders in their consideration of this trade.
Happy charting,
-Richie
Comment:
PRZ tapped, initial reaction has been quite extreme. Let's see if it gets sold.
Comment:
Comment:
completed, trade materialized. Looks great!