AUDCAD Short: Gartley, 2 Crabs, Wolfe Wave, Pivot, S/R
AUDCAD has completed a series of bearish patterns at an important .382 retracement level. Two bearish crabs are confluent with a bearish Gartley pattern and a bearish Wolfe Wave 2-4 parallel. To add to the bearish bias, the unhit pivot for the month of December is precisely confluent with 50% retracement of the green crab CD leg. SL is placed above WW entry with target at the December pivot/.5CD.Confluence in the PRZ:
- Bearish Gartley pattern completion
- Bearish crab pattern completion (2X)
- .382 Fib S/R level
- Bearish Wolfe wave setup
- Unhit December, 2015 pivot below price
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Nice rejection of price at top of parallel channel:Note
Nice place to add:
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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.