That is why the Shark Pattern and the Crab Pattern is the toughest harmonic pattern to trade. And that is also why we must ensure that our students are well-versed with Harmonic Patterns and have profited from other Harmonic Patterns before we teach these bad boys.
We are back into the waiting phase; I'm waiting for a 3-bar reversal pattern to engage the trade.
GOLD is currently at a key supply zone, marked out on the 30M timeframe. Previously, GOLD has rejected this zone with strong momentum, and we can already see strong selling pressure at this zone.
We've just seen a huge bearish engulfing candle formed the 30M timeframe, creating a new lower low. I am now looking for GOLD to come up to supply once more to complete...
Fibo Retracement levels combination, key zone, weekly candle stick formation (parents with doji)
In case of pull back please notice the targets that I have provided.
Good luck
Amazon bounced off of support, after falling quickly at a steep Angle of Descent™, and the bounce has not reversed the trend. Support is weaker due to candlestick formations.
