Hello Traders, here we have the Bullish Crab in formation, the CD leg it's 95% completed and the price it's really close to the PRZ.
And the RSI it's on 29.42 right below of the 30 bands,
I believe this will go down just a little bit more following the price and then it's going to make an oversold right after the crab being completed.
We have to wait some steps that are required to validate this as a clear edge to trade,
but most importantly we also have to follow all the rules that we established for ourselves, so we must follow in any market environment.
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit -Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. RSI Reversal Sign - Done;
6. Candlestick Reversal Sign - Waiting;
7. RSI Confirmation Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. Risk Management - Applied;
10. Risk / Reward - 1/3.
" Do good to others,
it will come back
in unexpected ways."
And the RSI it's on 29.42 right below of the 30 bands,
I believe this will go down just a little bit more following the price and then it's going to make an oversold right after the crab being completed.
We have to wait some steps that are required to validate this as a clear edge to trade,
but most importantly we also have to follow all the rules that we established for ourselves, so we must follow in any market environment.
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit -Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. RSI Reversal Sign - Done;
6. Candlestick Reversal Sign - Waiting;
7. RSI Confirmation Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. Risk Management - Applied;
10. Risk / Reward - 1/3.
" Do good to others,
it will come back
in unexpected ways."