Ok, so what do we got? We got a good trading setup.
It's a deep crab harmonic pattern for the forex trading market created Scott Carney a harmonic Trader, from HarmonicTrader.com
It is a highly accurate pattern when the fibonacci patterns line up. - Actually all harmonic patterns are highly accurate when the fib ratio's line up. Anyways, so as you can things are going to get a little bearish. Not much room for to it expand if it gets to the redzone- the dead zone, or rather the money making zone, then its going to be nice. The RSI is quite ovebought, so there is a chance it won't go to the short box, but I believe it will.
Let's See.
It's a deep crab harmonic pattern for the forex trading market created Scott Carney a harmonic Trader, from HarmonicTrader.com
It is a highly accurate pattern when the fibonacci patterns line up. - Actually all harmonic patterns are highly accurate when the fib ratio's line up. Anyways, so as you can things are going to get a little bearish. Not much room for to it expand if it gets to the redzone- the dead zone, or rather the money making zone, then its going to be nice. The RSI is quite ovebought, so there is a chance it won't go to the short box, but I believe it will.
Let's See.