Bullish Reversal Signals at Harmonic Support

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CRD is showing multiple bullish signals suggesting a significant low may be forming.

Scenario 1 — Weekly low volume Spring Confirmation
If the weekly candle closes in its current position, it strengthens the case for a spring out of the Wyckoff range.

In this scenario, an entry on next week’s open is justified. with a clear invalidation under the spring.

The trade-off is that the major resistance cluster sits relatively close overhead, so the risk‑to‑reward isn’t ideal for short‑term traders.

However, for a longer‑term position, the structure supports the idea that this could be the beginning of a larger reversal. As Always, there are no guarantees and must adapt to the chart as it unfolds.

Scenario 2 — Throw-under Into S1 Pivot

Price may continue to pull back into the new yearly S1 pivot, creating a throw-under of the wedge structure.

A close back inside the range after this throw-under would significantly improve the risk‑to‑reward, as it would confirm a deeper spring and clear out remaining weak hands.

This scenario offers a cleaner entry and a more defined invalidation level.

*arrows are not time-based analysis just overall pathing
Anmerkung
looks like the throw-under scenario is playing out. If you were paying attention, the entry was on the 18th Feb. pay attention to the large spike of volume on the monthly s3 pivot followed by a hammer close. We just need the weekly to close as is followed by some follow through over the next couple of weeks to really solidify this low

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