SPY Shark and Deep Crab complete ~406 4H

Bear market rally to squeeze record amounts of put contracts and offside shorts

Deep Crab inside of a larger Shark pattern
deep crab xa extension can go to 1.618 or 1.9
shark xa retracement can go to .886 or 1.113
both structures have broken above their B points - double pattern B point breakouts are more powerful than one
these patterns can be considered valid potential harmonic patterns until an upsloping support trendline is broken
9-13-20 ema crossing 50/100 emas and pointing at 60 degree angle (showing strength) - working on getting above 200ema
indicators have room to run, personally would add 25% of overall position at current levels and would add full position on pullback, its personal preference, but 406 on SPY is programmed in time

entry 379
stop 362
target 404

r/r 1.6:1 probability of success: high