ETHUSD-4H Bullish Shark & Crab Pattern
Pair shows completion of two bullish patterns here - Shark and Crab at 1.618% extension.
Patterns are getting completed at a Major support level and at the target of previous H&S.
Pair has shown Bamm RSI formation with lower TF DB and 2618 trade setup.
Looks like price is taking a support at 20MA.
Looking for min of 38.2% retracement target here.
if price retraces beyond 50% retracement then there is a chance of potential bearish Cypher formation.
Patterns are getting completed at a Major support level and at the target of previous H&S.
Pair has shown Bamm RSI formation with lower TF DB and 2618 trade setup.
Looks like price is taking a support at 20MA.
Looking for min of 38.2% retracement target here.
if price retraces beyond 50% retracement then there is a chance of potential bearish Cypher formation.
Trade closed: target reached
Target 1 - Fib 38.2% is achieved Trade closed: target reached
T2 achievedNow there is possibility of bearish Cypher
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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.