I am not a type of trader who anticipate a pattern before completion, I don't speculate on that, and i don't trade harmonics before they complete. But i saw some good harmonic sequences align here on chart.
There is a potential for a harmonic crab pattern completion at point D(Ideally it should complete at 1.618). But am looking for 1.271 move for now.
The price has broken out strongly above 22.00 resistance level(B) and the 200-days SMA. Then entered a period of consolidation above the 50-days SMA and that what makes me favor more upside. However, it's dependent on the price ability to take the resistance of the recent sideways consolidation range at 23.65, a breakout above the latter might confirm that scenario.
Good luck...
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My best regards
Technician
There is a potential for a harmonic crab pattern completion at point D(Ideally it should complete at 1.618). But am looking for 1.271 move for now.
The price has broken out strongly above 22.00 resistance level(B) and the 200-days SMA. Then entered a period of consolidation above the 50-days SMA and that what makes me favor more upside. However, it's dependent on the price ability to take the resistance of the recent sideways consolidation range at 23.65, a breakout above the latter might confirm that scenario.
Good luck...
thefxchannel.com/ , visit.. vote and subscribe. Thank you
twitter.com/thefxchannel
My best regards
Technician