As an update to my previous post, the previous Shark Pattern that was setting up is still valid albeit a BULLISH CRAB is now forming which extending the lower Expanding Triangle trend channel.
Again, the Shark Pattern is still valid, however, please be aware of another possibility. Trade either or as you please, I typically take the conservative approach & thus would opt for the Crab but considering this could be the final corrective move on a substantial upswing, you may consider putting an extended SL on the Shark to account for the Crab.
Finally, the BULLISH CRAB could also be a BULLISH BAT; this would put the D Leg @ 1971.2
WATCH THE WAVE COUNT GOING DOWN
Again, the Shark Pattern is still valid, however, please be aware of another possibility. Trade either or as you please, I typically take the conservative approach & thus would opt for the Crab but considering this could be the final corrective move on a substantial upswing, you may consider putting an extended SL on the Shark to account for the Crab.
Finally, the BULLISH CRAB could also be a BULLISH BAT; this would put the D Leg @ 1971.2
WATCH THE WAVE COUNT GOING DOWN
