DJIA30, WEKLY RANGE , SHOWS A POTENTIAL DISTINCT BEARISH CRAB WHICH
POSSESSES 1.618 XA PROJECTION WITH 3.14 BC PROJECTION THAT CONVERGE IN A TIGHT AREA BETWEEN 28375-28650, SO BEARISH CRAB MAY DEFINE THE 28650 LEVEL AS IMPORTANT RESISTANCE
SIDE NOTES: 1- BREAK ABOVE 25400 THE PRICE ACTION TRIGGERED BAMM (PRICE ACTION MOST OF TIME RALLIES STRIAHT TO THE COMPELTION POINT OF THE PATTERN.... PRICES MOVE SHARPLY UNDER THE MAGNET EFFECT OF THE PATTERN). ITS A VALID ENTRY POINT FOR LONG POSITION, IF NOT, ITS BEST TO COVER THOSE POSITIONS
2-KEEP UR EYE ON 27500 LEVEL, THIS PATTERN MAY BE A BEARISH BUTTERFLY AS DEFINED BY LARRY PESAVENTO (PESAVENTO WITH BRYCE GILMORE DISCOVERED THIS PATTERN).
HOWEVER, WHETHER THIS PATTERN IS A CRAB OR A BUTTERFLY, COVER UR SHORT WEN PRICES BREAK ABOVE 28650
