Gold might go bearish @1347-48

FX:XAUUSD   Gold Spot / U.S. Dollar
153 3 1
A bearish crab pattern possible on Gold             , still needs another $10 to pile on for that to happen.
Do you give any freedom of variation for the point D just like you do with Gartleys?

In other words, do you assume the Crab to be valid if it not reverse at 1.618?
As you can see, the crab did not complete yet, instead stopped @161.8 proj. of BC. It is indeed a harmonic move, but not the one to complete the crab. However, I believe that the pattern will complete. This is basic pattern structure and 224 and 161,8 alomost overlap which signifies that this point is important. Well, not every pattern gets completed, they are not 100% accurate as all things in the market.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out