In a prior post, I outlined dual AB/CDs (+ alternate) for a PRZ,
which Beans reversed at as anticipated. In reviewing this,
I see Beans have moved back up towards the PRZ. In
analyzing this, I believe a Deep Crab pattern development
may be overriding the move down I was looking for. For
anyone who may have shorted in the area of the PRZ of the
prior post, I would provide this post as an alert.
The Beans PRZ is comprised of:
1. XD of 1.618
2. BC of 2.24
3. ABx1.272=CD
4. .618 retracement of prior larger move down
which Beans reversed at as anticipated. In reviewing this,
I see Beans have moved back up towards the PRZ. In
analyzing this, I believe a Deep Crab pattern development
may be overriding the move down I was looking for. For
anyone who may have shorted in the area of the PRZ of the
prior post, I would provide this post as an alert.
The Beans PRZ is comprised of:
1. XD of 1.618
2. BC of 2.24
3. ABx1.272=CD
4. .618 retracement of prior larger move down