Using the daily timeframe we can more clearly see the bullish deep crab in action.
The key measurements as shown are:
161.8% XA measurement for entry and 200% XA measurement for the stop.
Other measurements which we can see are a 224% BC projection which lines up extremely well with the 161.8% XA entry point.
We can also see close to the entry point a 161.8% AB=CD measurement.
To confirm entry we would like to see all these 3 measurements broken in a single bullish push.
Furthermore, once a narrative of the market is established on a larger timeframe we can move to lower timeframes to build a risk free position.
The key measurements as shown are:
161.8% XA measurement for entry and 200% XA measurement for the stop.
Other measurements which we can see are a 224% BC projection which lines up extremely well with the 161.8% XA entry point.
We can also see close to the entry point a 161.8% AB=CD measurement.
To confirm entry we would like to see all these 3 measurements broken in a single bullish push.
Furthermore, once a narrative of the market is established on a larger timeframe we can move to lower timeframes to build a risk free position.