Now We Wait.. Let's Consult Harmonic Pattern
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Depends on your trading style.. for swing and position, can see this as bullish pattern, where we wait for completion of BC Leg then initiate long order at Crab target zone.
for aggressive trader, perhaps will place short at the top of targeted BC with a tight Stop Loss
for aggressive trader, perhaps will place short at the top of targeted BC with a tight Stop Loss
Nota
a bounce from here, indicating the lower band of channel is once again respected.
in opposite, look at magenta arrow. it touched 0.382 area which indicating a valid Crab/Gartley. it can go higher to 0.886 and still a valid Crab/Gartley, as well as it can dump from here as a valid pattern
I keep my position neutral, until see a clear confirmation to join new trend
Penafian
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