I'm currently tracking a bearish scenario for USDT.D. Two Harmonics are presented namely ABCD Shark patterns. This is due to the double bottom formation of the USDT.D, an Imbalance has to be filled at approximately 7.5%, and a liquidity at around 9.5% that needs to be taken out. The invalidation level would be below the double bottom formation...
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*Correction, Point X should be the same as point B of the ABCD.. I forgot to adjust. There will be a slight adjustment of point D towards the upside. The 1.03 retracement from A to C has a slight deviation from one of the minimum requirements of shark pattern (1.13)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.