Green box represents target, 88.6% fib a more exact target (but anywhere on green box could be done)!
There's a good confluence with harmonics and classic TA here...
- First of all ATOMUSDT broke up trend line and flipped S/R 23.6%
- Bearish OB on top is a perfect match with 88.6% fib - potential reversal point
If price crosses the current high (X) then this pattern should be invalid as that's where your stop-loss will be (above X) for a short setup once D is achieved.
Looks pretty solid and ATOM has history with Harmonics!
There's a good confluence with harmonics and classic TA here...
- First of all ATOMUSDT broke up trend line and flipped S/R 23.6%
- Bearish OB on top is a perfect match with 88.6% fib - potential reversal point
If price crosses the current high (X) then this pattern should be invalid as that's where your stop-loss will be (above X) for a short setup once D is achieved.
Looks pretty solid and ATOM has history with Harmonics!
Comment:
done