USDTRY Technical Analysis (Crab Pattern)
Hi All,
This is not investment advice..
Each bar is one month..
the most important resistance is 6.21x independent crab pattern if the price breaks this resistance I will not care anything apart from AB=CD (miminum level)
TP1 AB=CD 6.56477
If the crab pattern works, AB=CD (level) is minimum requirement ----> 6.56x ( if the price action does not reach this target , pattern is invalid )
TP2 1.27AB=CD 6.86713
TP3 1.618AB=CD 7.25403
Terminal Bar 1.618 XA= 8.28x
Potential Reversal Zone is between 1.618XA and 1.902XA )
3.618BC=8.33
1.902 XA = 8.845
Flag target = 9
Good luck
This is not investment advice..
Each bar is one month..
the most important resistance is 6.21x independent crab pattern if the price breaks this resistance I will not care anything apart from AB=CD (miminum level)
TP1 AB=CD 6.56477
If the crab pattern works, AB=CD (level) is minimum requirement ----> 6.56x ( if the price action does not reach this target , pattern is invalid )
TP2 1.27AB=CD 6.86713
TP3 1.618AB=CD 7.25403
Terminal Bar 1.618 XA= 8.28x
Potential Reversal Zone is between 1.618XA and 1.902XA )
3.618BC=8.33
1.902 XA = 8.845
Flag target = 9
Good luck
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.
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.