Dear mates,
Hello again, here bringing to you a brand new edge on Gold, the Deep Harmonic Bearish Crab@1.618XA.
I do believe the price it will start the reversal trend next week in but first I do believe it's going to test this area of strong resistance which is crossing the PRZ of the Deep Crab, and then start the downtrend.
The RSI indicator it's already showing a Oversold movement, so this a proove that it will probably going down soon!
Setup Rules:
1. Harmonic Patterns Completion ( Deep Bearish Crab@1.618XA) - 65% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3.
Hello again, here bringing to you a brand new edge on Gold, the Deep Harmonic Bearish Crab@1.618XA.
I do believe the price it will start the reversal trend next week in but first I do believe it's going to test this area of strong resistance which is crossing the PRZ of the Deep Crab, and then start the downtrend.
The RSI indicator it's already showing a Oversold movement, so this a proove that it will probably going down soon!
Setup Rules:
1. Harmonic Patterns Completion ( Deep Bearish Crab@1.618XA) - 65% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3.