I've been watching these couple patterns since DJI crossed above the PRZ of the bearish Gartley I'd been watching for months(so about a month). So far, they seem to be helping to weigh the price down. The most obvious targets based on the patterns outlined with yellow horizontal lines, and the green rectangle being the zone that I start considering buying and/or ...
At this moment, the charts seems to be showing us that it is at a Support turned resistance zone.
I see price potentially dropping further to complete the Crab pattern at around the $138 levels.
Let's see where this goes.
I bet you really laughed hard on the title and believe me i was laughing too as wrote the analysis. LOL, LMAO or whatever but the power of harmonic patterns can never be underestimated. Harmonic patterns can gauge the direction of the market on a very respectable note. Here we have a POTENTIAL CRAB pattern that might become a reality in the coming months, which ...
H1 forming a Type 2 deep crab formation, what I love about this deep crab is that it does provide
1. a Shorting opportunity to by next bullish entry
2. RSI Div
3. Retest which is known as type 2 but Target1 not yet attained!
Exact Entry, Stops and Target will be share to my inner-circle.
This is by no means a trade signal. even if the pattern completes you can enter at your own risk. i will not simply enter the trade even if the pattern completes. there are some other technical analysis needs to be done before simply just entering the trade. But hey anyways if there are any updates i will be updating here accordingly.
Gartley pattern is complete on this pair. furthermore look at the attachment below, on the same chart and 4 hr time a completed deep bearsih crab is also complete. its just adds onto the further confluence factors.
Please place the trade when the market opens. refer to the main chart for SL AND TP levels. Cheers and happy ...
You can place this trade when the market opens. its a fine bullish crab pattern with healthy risk to reward ratio. check the main chart for immediate entry, SL and TP levels.
i will keep updating this thread regarding any scenario. stay tuned and happy trading