The crab pattern is an explosive pattern because once the D point has been developed we should see a quick trend reversal that has the potential to generate big profits.
Price entered the PRZ and surpassed the minimum requirement (76.25) for completion of Crab pattern. Low today (75.95) was also near the ideal level of 75.65/75.70 (1.618 of XA)
Let's see if the reversal occurs from here.
Price entered the PRZ and surpassed the minimum requirement (76.25) for completion of Crab pattern. Low today (75.95) was also near the ideal level of 75.65/75.70 (1.618 of XA)
Let's see if the reversal occurs from here.