Looks like the bulls are all worn out. We could see some sizable bullish activity before the bears return and we see the formation of new lows.
I believe the two bearish crab patterns are also valid and look to be at key area's (based on previous structure). This would add to my belief that we'll see deep bullish retracement before the bears return. New to Harmonic patterns so any feedback/notes/advice would be highly appreciated.
Let's see how this pans out! Would love any feedback ;)
T1 and T2 complete!! T3 seems ambitious - I believe 0.57 is more achievable that 0.579. However a move to the 0.579 level gives us a perfect sell opportunity.
Still new to the game but looking to gain as much as I can. Comments always welcome.
Still new to the game but looking to gain as much as I can. Comments always welcome.
Happy trading folks - G5B_FX