Bearish Crab Harmonic Pattern has been formed. It’s time to sell this pair. CADJPY - SHORT ENTRY PRICE - 86.920 SL - 87.100 TP1 - 86.480 TP2 - 86.210 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never...
If the retracement candles were seen around the price 129.742-129.784 sell is true
We can see the potential makings of a bullish deep crab on the daily time frame. In this particular pattern the Potential reversal zone or PRZ is defined by a 161.8% XA measurement which uses a stop loss at 200% of XA. In this particular instance the pattern exhibits a 127.2% AB=CD measurement and a ~314% BC projection denoted on the chart. These measurements...
BTC is going to complete the pattern and reach point D which is probably located somewhere between 67200$ and 68100$. This is a descending crab pattern and corrections are probable from point D. Good luck.
Here we have a very controversial Scott Carney Harmonic Pattern. What just about every trader out there can agree upon is the SPX needs a correction. equities are far too expensive right now and liquidity is almost dried up (if that's grammatically correct). Now based on what method each trader subscribes too is where the punches start coming in. S&R traders...
LONG-TERM: Bullish crab pattern, the idea here is to scale in by cost averaging ,as there are two potential PCZ's, first one at $7 and second one at $6.35. Also trying to paint a 4hr hammer candle, classic bullish divergence is possible eventually. (not financial advice)
We have here the potential makings of a deep crab harmonic pattern. Will look for entries on the and around the 161.8% XA.
NFP announcement tomorrow and a Bearish Crab Pattern with RSI extreme reading on the way.
Earlier, i posted GBPCHF on 4h timeframe, indicating that this pair is in wave 4 correction, which i believe is forming a DEEP CRAB pattern , i believe wave b of the ABC elliott wave sequence is almost over. I will be expecting a drop for wave c, before the bull rally for wave 5 . Combination of Elliott wave and patterns is very powerful.
LONG-TERM: Bullish deep crab harmonic pattern, with a double bottom at the PCZ. Also local bullish divergence developing. (not financial advice and the market is currently volatile)
So, we have a very nice potential trade set up. this is a nice bullish deep crab pattern with a completion of the PRZ and it respected the zone and came out. price came down to retest it and now we are throwing an indecision candle. what i would like to see is PA to remain similar to what it is at this moment and tomorrow (wednesday) finish off as an engulfing...
Potential Bearish Shark (blue) and Deep Crab (red) mentioned in the last analys. Currently price is testing 200SMA. We may see bounce from the Shark B-point 618, retest Crab B/channel median and then continue to the PRZ zone by forming an ABCD. Below chart with previous with failed Gartley.
The price on the German index moves upwards in the ascending channel. On the Daily chart and up, we can see Potential Bearish Crab with the PRZ zone around 17250, more possible with the current trend. Breaking ATH could confirm the pattern. The next significant level would be 15000. Potential double top on a weekly time frame. Dropping below neckline 13,300...
USDJPY is an uptrend channel, within the channel there's a shorting opportunity. If you have shorted based on the Bearish Shark Pattern and Bearish Crab Pattern. It's understandable if you are worried that it might hit the Stop-Loss, a break and close below the trendline will give better peace of mind for a counter-trend trading opportunity.
A Bearish Shark & Crab pattern setup and completes at the same point. You can wait for a retest back to the previous high for a Type2 shorting opportunity for the Harmonic Patterns. This might look like a countertrend trade for most, but it is a potential trend reversal setup for me.
hpc software discovered a CRAB pattern so : SHORT around 63.00 T1 61.75 T2 61.00 SL closing above