The chart above shows you how the market moves in harmony. We will trade the Crab pattern till the harmonic bat has completed.
We are going in for the last wave before the impulse to the down side.
Here we have Four harmonic moves waiting to play out the shark and bat have completed but i am waiting for the crab to complete as this is a reversal pattern, Stops will go bellow the x point how far you place your stop is all dependent on your take profit always apply good risk management.
lets wait for a reaction at the Potential reversal zone
We have a small shark that will hopefully complete our bigger shark
We will short when we get a reaction in the red box
We have a shark and bat on oil wait for a reaction at the 88.6 then buy
We have a Head and shoulders plus a broken trendline. I would only be comfortable with taking this trade of i get a pullback to the 61.8 plus structure.
Here we have a bullish shark and a very significant zone of resistance. I will take this trade if he trendline is broken