If price goes below current zone, wait for retest to zone and sell.
If price retests the zone, but doesn't pass the low, it will be bullish. Will be a buyer.
4HR XABCD Deep Crab Pattern
- In Price Rejection Zone (PRZ) which was found by using the Fibonacci Expansion tool to make an ABA & AXA expansion.
To do so,
1. Find the Fibonacci Expansion tool.
2. Start at the A point of the Deep Crab Pattern, click; then to the B point, click; then back up to the A point, Click.
-It is the same process for AXA expansion, but...
Deep crab-
B point is at 61.8% on Fib>
C point failed to break the A point>
Buy entry at the buy zone with Stop Loss 10 pips below the zone>
Take profit @ 1.24640
C point on the pattern failed to break the high>
B Point is at 88.6% on the Fibonacci>
There was a break of the orange trend-line>
Price is retesting the trend-line to continue the bear market>
The A-B-A Fibonacci Extension level - 200% (2) & 361.8% (3.618)>
The A-X-A Fibonacci Extension level - 161.8% (1.618)>
Between the A-B-A 2 & the A-X-A 1.618 will be my...
