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Gold short Harmonic pattern Bearish deep crab (4 H )
Gold Spot / U.S. Dollar
Short
Gold short Harmonic pattern Bearish deep crab (4 H )
By mjchase
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Feb 1, 2021
1
Feb 1, 2021
Here we see what could be the making of a bearish deep crab.
The entry point being the 161.80 % XA measurement with the stop loss at 200% of XA.
Also we can see the 261.80% BC Projection marries up with the entry point providing further validity if entry is made.
Please refer to Scott carney's work if you are further interested in harmonic patterns.
Crab
mjchase
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