Close reversal in shaallah
USD index price crossed below neck line of head and shoulders that gives us 2 scenarios: 1- Stall into target that is the price range between head and neck line 2- Get stuck in an ascending wedge (between neck line and trend line) until it retests all levels and then break down
Price currently retesting a pin bar support zone (demand zone) before trending upwards to complete a Bearish Deep Crab. Also look at the abcd within the pattern and watch for its points for targets, as price crosses every point it will be a confirmation to go aggressive and add to your positions, AC trend line is also an important line to watch how price will act on.
A complex way of trading harmonic patterns, using supply and demand zones, trendlines, and fibo levels. To see is better than to here, the chart tells about itself.
Price had reflected nicely from PRZ, and retesting the lower edge of the supply zone the targets are 0.382 and 0.618 retracements.
NZDUSD H1 BULLISH SHARK, targets in violet at 0.382 and 0.618
Two Bullish ABCD patterns with their PRZs confirmed by a strong Demand zone created by 21-2-2017 pin bar
Hi experienced traders, need your help and opinion on this Deep Crab regarding AB=CD projection, equivelant AB=CD and alternate 1.27 or 1.618 AB=CD are below PRZ, what do you think? I still don't get it clear about AB=CD within PRZ !!!