That happened quicker than expected. So what does the chart say:
Well the bearish crab is complete to the pip. Precisely to the pip the 3.618 extension of the AB leg has arrived at 1553.5 on the Daily time frame. Here is where we run into trouble. Technically the next movement for the bearish crab harmonic is a sharp down turn with the first TP at the B level...
XAUUSD: So did you take note of the 100% fib retest on XAUUSD? If you opened a long position in the 17/18 area congrats! So anyway, we now find ourselves about two thirds of the way to the 1.272 mark which sits about 1535; an easy target for Friday. It may well be that price pushes a touch further. In any case VPVR indicates support at 1520.6 roughly. With...
Hey guys, thought I'd give you a little update with how we're progressing.
As you can see in my chart we've arrived at the 100% fib line, roughtly 1516, passed it and tested for support. Right now would be a great rime to buy. There's also a solid support level just below at about 1514.5 on last weeks VPVR (can't see it in my chart, but I promise it's...
Overall picture from previous publications; decrease 4 - 12 Nov X-A leg of bearish crab . .618 fib perfectly respected. Most recently the .786 fib was held off before a jump above and a cooling off above the line (circled). XAUUSD is bullish for the foreseeable with MM making sure to break significant resistances. Price closed between .786 and 1 on Friday due to...
Bearish crab formation from last swing high/low leads to 1553/4 area before any pull back. Doubt it'll fall much as per usual harmonic rules given the time of year, but with China trade deal on the table caution should be exercised.
