In a prior post, I outlined dual AB/CDs (+ alternate) for a PRZ, which Beans reversed at as anticipated. In reviewing this, I see Beans have moved back up towards the PRZ. In analyzing this, I believe a Deep Crab pattern development may be overriding the move down I was looking for. For anyone who may have shorted in the area of the PRZ of the prior post, I would provide this post as an alert.
The Beans PRZ is comprised of: 1. XD of 1.618 2. BC of 2.24 3. ABx1.272=CD 4. .618 retracement of prior larger move down
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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.