Targets 1 through 4 have been met.
Price broke up from a triangle a while back, but it does look like a W formed.
Long 4th leg on the W that reached a bit above the 1.618 fib level.
There is al an ADC/D Pattern which could b a segment of a Harmonic Crab pattern which terminates close to the 1.618 of leg XA (the first leg down of the crooked W).
This pattern tends to reverse at D and is an extension pattern as the 4th leg end quite a bit above X.
I am learning not to take anything for granted ):
No Recommendation.
Price broke up from a triangle a while back, but it does look like a W formed.
Long 4th leg on the W that reached a bit above the 1.618 fib level.
There is al an ADC/D Pattern which could b a segment of a Harmonic Crab pattern which terminates close to the 1.618 of leg XA (the first leg down of the crooked W).
This pattern tends to reverse at D and is an extension pattern as the 4th leg end quite a bit above X.
I am learning not to take anything for granted ):
No Recommendation.
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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.