In daily chart I saw
1) Bearish Crab (higher probability than other possible pattern like Cypher) "Green"
In 4 hour chart I saw
2) Bullish Shark (higher probability than Cypher) "Yellow"
Reason: the C leg of Bearish Crab and D leg of Bullish Shark nearly coincide at the same level.
Good level to short as the I believe this level will hold and reverse due to
1) resistance level
2) Gap bottom
3) harmonic pattern
R:R ratio 4.77
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
1) Bearish Crab (higher probability than other possible pattern like Cypher) "Green"
In 4 hour chart I saw
2) Bullish Shark (higher probability than Cypher) "Yellow"
Reason: the C leg of Bearish Crab and D leg of Bullish Shark nearly coincide at the same level.
Good level to short as the I believe this level will hold and reverse due to
1) resistance level
2) Gap bottom
3) harmonic pattern
R:R ratio 4.77
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
Trade closed: stop reached:
Next !!! :)