Here on the Swissy we have a crab. The ABCD Back bone of the pattern has been blown so we shall see if the pattern is still valid. With crab patterns we see PA retrace to the 1.902 level and PA become volatile and reverse. we are entering a weekly support level so we shall see how PA reacts. Sorry for not going into it any deeper I am behind on some school work and I am also getting back into the 4H time frame trading gonna slowly get down to the 1H again. I am also in the process in making a few courses as well that covers harmonic trading along with a myriad of other topics. When the courses go live i will upgrade my TradingView package to Premium and advertise them on my TradingView.
Comment:
So, we have traced all the way down to the 1.902 level of this pattern and wicked through it. So, now we wait for some Oscilator confirmation. for the Buy entry.
Comment:
PS we also have some Bearish Divergence on the RSI Oscilator time is getting near...
Comment:
I will wait for PA to close above .9310X before entry as it is a decent area of resistance to contend with.
Order cancelled:
Pattern failure