Potential Harmonic Pattern right after another one

6 Ağu 2019

EURAUD

After the beautifull Crab Pattern, we are witnessing now what it might be a second pattern.

- A point of the previous pattern as our highest point.
- D point of the previous pattern as our lowest point.

We will need the price gets to at least 1.65341 to validate point C to have either a Bat or Crab pattern.

In 1HR Chart the stochastic its located at the overbought area; however, its lines are point down.

By now I've traced the pattern as if it is a Bat pattern but it could be a Crab. I will follow up this formation, cause I love to see to harmonic patterns forming one right after the other.