IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
INCREDIBLE STRUCTURE, THE DISTINICT PATTERN EXEMPLIFIED ALL THE IDEAL ELEMENTS OF A BEARISH CRAB, THE TIGHT CONVERGENCE OF THE 1.618 XA LEG AND THE BC PROJECTION AT 29200-29300 AREA YIELDED AN EXACT REVERSAL AND OUTLINED A PERFECT SITUATION AND A TRADING OPPORTUNITY
NOTICE:- THE WEAK BEARISH DIVERGENCE AND THE TWEEZERS TOP CANDELSTICK(IT IS POSSIBLE TO OVERLOOK THE CANDELSTICK PATTERN AS BEARISH ENGULFING PATTERN) ARE CONFIRMED THE IDEAL REVERSAL
AFTER AN IDEAL REVERSAL OCCURRED , DOW JONES WAS HEADING DOWN TOWARD THE 0.382 INTIAL DOWNSIDE TARGET WHICH CONVERGED WITH THE UPTRENDLINE CONFIRMING THE IMOPRATANCE OF SUPPORT AT 27450, PRICE BOUNCED OFF IT SHORTLY, BUT IT IS BROKEN AGAIN TO HITS THE SECOND TARGET AT 0.618 AT 26500
FINALLY PRICES RALLIED TOWARD THE OLD HIGH AND THE 26500 LEVEL WAS TRIGGERED THE LONG TRADE AT LEAST TO OLD HIGH AT 29200
(FORTUNATTELY THE SECOND TARGET OF HARMONIC PATTERN AT 0.618 AS SHOWN COINCIDES WITH THE BULLISH BAMM TRIGGER TECHNIQE ALMOST AROUND 26500-26600
BULLISH BAMM TRIGGER IS A TECHNIQE SIMLAR TO A DOUBLE BOTTOM WHEN IT HAS BEEN COMPLETED TO BE A VALID OONE, AND THE VISE VERSA) SO ABOVE 26600 WAS SIGNIFICANT LEVEL TO ENTRY LONG TRADE UNTILL THE COMPLETION OF HARMONIC PATTERN AT 29100 OR RE-ENTRY WHEN PRICE REBOUNED FROM 26500 AS A 2ND OPPORTUNITY TO ANOTHER LONG TRADE,THAT HAS BEEN CONFIRMED BY FORMING A BULLISH CANDELSTICK PATTERNS ARE CALLED THRUSTING AND BULLISH ENGULFING
