Potential Harmonic Pattern right after another one
EURAUDAfter the beautifull Crab Pattern, we are witnessing now what it might be a second pattern.
- A point of the previous pattern as our highest point.
- D point of the previous pattern as our lowest point.
We will need the price gets to at least 1.65341 to validate point C to have either a Bat or Crab pattern.
In 1HR Chart the stochastic its located at the overbought area; however, its lines are point down.
By now I've traced the pattern as if it is a Bat pattern but it could be a Crab. I will follow up this formation, cause I love to see to harmonic patterns forming one right after the other.
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