1 HR Bullish Deep Crab Pattern Setting Up on UJ
Updated
C point on the pattern failed to break the high>
B Point is at 88.6% on the Fibonacci>
There was a break of the orange trend-line>
Price is retesting the trend-line to continue the bear market>
The A-B-A Fibonacci Extension level - 200% (2) & 361.8% (3.618)>
The A-X-A Fibonacci Extension level - 161.8% (1.618)>
Between the A-B-A 2 & the A-X-A 1.618 will be my buy zone with stop loss below the zone>
B Point is at 88.6% on the Fibonacci>
There was a break of the orange trend-line>
Price is retesting the trend-line to continue the bear market>
The A-B-A Fibonacci Extension level - 200% (2) & 361.8% (3.618)>
The A-X-A Fibonacci Extension level - 161.8% (1.618)>
Between the A-B-A 2 & the A-X-A 1.618 will be my buy zone with stop loss below the zone>
Note
the dashes after AXA and ABA Extensions are just dashes, not a minus. Disregard the negatives. They are positive extension percentages.
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