crab pattern sighted..& watch what will happen

Hi friends,

As at the close of 13 Dec, there is a bearish minor crab pattern formed at the pivots as shaded on the chart below with the geometric measurements as shown. There is one confluence of fibonacci projection from another pivot, so that there is an upper range target of 4784.92, a second target of 4765.81 and a low target of 4749.57--- the closing of 4759 as at 14th Dec yesterday places it right within this Possible Reversal Zone, although this chart pattern is minor. So the effects and significance of this pattern are expected to be minor as well...and I'll leave it to the fibonacci experts in this forum to divine a forecast, if there is a minor pullback occurring in this possible reversal zone....

Will there be an overshoot, or a pullback ( however minor) since this pattern is occurring within the framework of larger moves? Let's watch and see.



I find these chart patterns to be interesting, do you?

Cheers

dascore