This is an example of Channel Down and W with Fail Pattern.
Found that W Pattern (Bearish Crab) within Channel down.
Fail pattern occurs after Point C, thus RSI need to be reviewed.
Indicator used :
1. Regression Channel Alternative MTF
2. HH-LL ZZ
3. XABCD Harmonic Pattern Custom Range Interactive
Found that W Pattern (Bearish Crab) within Channel down.
Fail pattern occurs after Point C, thus RSI need to be reviewed.
Indicator used :
1. Regression Channel Alternative MTF
2. HH-LL ZZ
3. XABCD Harmonic Pattern Custom Range Interactive
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.