Today was a wild day, bulls came in and painted a huge green candle that took us to the top of the megaphone resistance, however I am a bit conflicted as I mentioned before how we are making structure failures all around because of the nature of this formation (Expanding not contracting) so stops will be hunted. We are making NSH's for the new structure which gives reinforcement for anyone who is a bull right now, however we will see how long it lasts. I have spotted a potential harmonic Shark and have marked the PRZs in Aqua and Green, if we close above the 1.618 it will likely be an invalidation of the harmonic pattern and a validation of a larger harmonic. I will keep you updated as we should make a decision here fairly soon. A bullish expectation failure gives reinforcement to the harmonics PRZ's in Aqua.
Trade active:
Harmonic is still valid, the fibonacci ratios for were based off of candle body to candle body, there was a break of that but no break of the wick to wick fibs, will update in Daily analysis for today.
