Bearish Gartley Pattern XABCD Crab (D)
Updated
Hi traders. A view on the bearish Crab XABCD Gartley Pattern which appoints a major reversal trend can help us to define a SUPPLY / DEMAND swing for shorts above 50% Fibonacci Retracement in this initial bear market till 38k DEMAND to long upward by a possible double bottom. The market will define the trend more clearly later.
Note
Note
On this, the idea of a 'don't-buy-zone' Is in the gray area (50%-38.2% Fibonacci Retracement range). That's a bad momentum in trend amid supply and demand, unless you're looking for scalpping trades.
Related publications
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.