ETHUSD-4H Bullish Shark & Crab Pattern
Updated
Pair shows completion of two bullish patterns here - Shark and Crab at 1.618% extension.
Patterns are getting completed at a Major support level and at the target of previous H&S.
Pair has shown Bamm RSI formation with lower TF DB and 2618 trade setup.
Looks like price is taking a support at 20MA.
Looking for min of 38.2% retracement target here.
if price retraces beyond 50% retracement then there is a chance of potential bearish Cypher formation.
Patterns are getting completed at a Major support level and at the target of previous H&S.
Pair has shown Bamm RSI formation with lower TF DB and 2618 trade setup.
Looks like price is taking a support at 20MA.
Looking for min of 38.2% retracement target here.
if price retraces beyond 50% retracement then there is a chance of potential bearish Cypher formation.
Trade closed: target reached
Target 1 - Fib 38.2% is achieved Trade closed: target reached
T2 achievedNow there is possibility of bearish Cypher
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