A Bullish Crab pattern has completed at point D, with confluence at the 1.618 XA extension level and a sharp reversal signal, indicating a strong Potential Reversal Zone (PRZ).
Key Levels:
Trigger Pump Zone: 3,272.06
Retracement Buy Area: 3,256.78 – 3,269.77
Stop Loss: Below 3,248.19
Target 1 (PRZ 1): 3,294.51 – 3,313.84
Target 2 (PRZ 2): 3,335.71 – 3,345.38
The current price action confirms buying pressure after reaching the PRZ, aligned with bullish structure. Retracement towards the marked buy zone offers a high-probability entry.
Strategy:
Wait for a retracement back to the buy zone for a safer entry. Enter long with stops below recent lows. First TP at PRZ 1, second TP at PRZ 2 for extended targets.
This pattern reflects algorithmic buying behavior and deep Fibonacci alignment – classic harmonic play.
Remember:
Always combine harmonic patterns with market context, confirmation tools (e.g., RSI divergence, candlestick rejection), and solid risk management.