WSBP Crab Pattern
Just an idea, where in fact I only started learning technical analysis credit to a good friend of mine.
Just leaving a mark here and let the future me do some throwbacks when i want to in the future, I hope this crab pattern will do a good one for me
2 requirements of crab pattern have been fulfilled:
AB = retrace between 0.382 - 0.618 Fibonacci Retracement of XA leg;
BC = minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg;
Target price is exactly around 1.618 fib of XA leg
With the recent news: market.bisnis.com/read/20210107/192/1340156/wsbp-bakal-dapat-sentimen-positif-dari-proyek-waskita-terregra
Now just waiting for the breakout. Let's see how it goes
Any inputs is very much welcomed
Just leaving a mark here and let the future me do some throwbacks when i want to in the future, I hope this crab pattern will do a good one for me
2 requirements of crab pattern have been fulfilled:
AB = retrace between 0.382 - 0.618 Fibonacci Retracement of XA leg;
BC = minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg;
Target price is exactly around 1.618 fib of XA leg
With the recent news: market.bisnis.com/read/20210107/192/1340156/wsbp-bakal-dapat-sentimen-positif-dari-proyek-waskita-terregra
Now just waiting for the breakout. Let's see how it goes
Any inputs is very much welcomed
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