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mjchase

Gold short Harmonic pattern Bearish deep crab (4 H )

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
mjchase  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Crab
1
0
crabpattern
Here we see what could be the making of a bearish deep crab.

The entry point being the 161.80 % XA measurement with the stop loss at 200% of XA.

Also we can see the 261.80% BC Projection marries up with the entry point providing further validity if entry is made.

Please refer to Scott carney's work if you are further interested in harmonic patterns.
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