240 ABCD with a Crab inside
Hello,
There is a lot going on here. We have an ABCD pattern That gives us a Harmonic move, entering at the 127.
Stops are above the red line, that is a high point on the daily chart.
Inside this pattern we have a Crab pattern with good Ratios and confluence of entry, with a 161 and 127 of the ABCD
RSI is approaching over bought. and if I am looking at this correctly. It could be the 5th point in an Eliot wave marked with arrows. This I am not to sure on.
Let me know what you think.
Good luck.
There is a lot going on here. We have an ABCD pattern That gives us a Harmonic move, entering at the 127.
Stops are above the red line, that is a high point on the daily chart.
Inside this pattern we have a Crab pattern with good Ratios and confluence of entry, with a 161 and 127 of the ABCD
RSI is approaching over bought. and if I am looking at this correctly. It could be the 5th point in an Eliot wave marked with arrows. This I am not to sure on.
Let me know what you think.
Good luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.