fximperija
Short

Gold might go bearish @1347-48

FX:XAUUSD   Gold/U.S. Dollar
153 3 1
A bearish crab pattern possible on Gold             , still needs another $10 to pile on for that to happen.
dp
2 years ago
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?
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fximperija dp
2 years ago
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.
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dp
2 years ago
Thanks.
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