Short
Potential Crab Forming
Potential deep crab, sitting on the daily high making lower highs/lows.
We had a big bearish candle break structure earlier this week signaling potential bearish movement/weakness.
Right now price is sitting on the C point and can't go any higher, if it does the crab is invalidated, so I will watch price here carefully especially the candles, if we see a reversal candle/a spike to the high before a reversal I will short here using the previous lows as my targets along with the D point as an end target.
If price wicks past the C point but still closes around the 886 confirmation is still valid!
We had a big bearish candle break structure earlier this week signaling potential bearish movement/weakness.
Right now price is sitting on the C point and can't go any higher, if it does the crab is invalidated, so I will watch price here carefully especially the candles, if we see a reversal candle/a spike to the high before a reversal I will short here using the previous lows as my targets along with the D point as an end target.
If price wicks past the C point but still closes around the 886 confirmation is still valid!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.