Bullish crab formed here in daily time frame. It is satisfying all required criteria -
• B point that is a 0.618 retracement of XA or less.
• Extreme BC projection that is typically a 2.618, 3.14, or 3.618.
• Alternate 1.27 or 1.618 AB=CD pattern required.
• 1.618 XA projection as the defining limit with the structure.
• C point with range between 0.382 and 0.886
Also regular bullish divergence is seen
sl - 980 tgt1 - 1130, tgt2 - 1210
• B point that is a 0.618 retracement of XA or less.
• Extreme BC projection that is typically a 2.618, 3.14, or 3.618.
• Alternate 1.27 or 1.618 AB=CD pattern required.
• 1.618 XA projection as the defining limit with the structure.
• C point with range between 0.382 and 0.886
Also regular bullish divergence is seen
sl - 980 tgt1 - 1130, tgt2 - 1210
Trade active
big move today, up by 2.98%, closed at 1080Trade active
after forming double bottom , price is moving up now Note
also Inv HnS formed here, Note
HnS tgt coming at 1165, Trade active
Inv Hns tgt achieved bullish crab tgt also achieved.
Trade active
1250+ levels looks easy from here, next we ll observe the price action around the trendline resistance,
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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.