I Think We Caught A Crab!
FISHING FOR CRABS!
Hello traders! A deep bearish crab reversal pattern completed the D point. The measurements for the X-A-B-C-D met the requirements to validate the pattern. We also see a head and shoulder pattern which is another reversal pattern for extra confirmation... or is it? Crabs are usually the result of a failed Bat pattern and they are my favorite patterns to trade. This is shared for educational purposes, not a trade signal.
Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don't gamble.
Hello traders! A deep bearish crab reversal pattern completed the D point. The measurements for the X-A-B-C-D met the requirements to validate the pattern. We also see a head and shoulder pattern which is another reversal pattern for extra confirmation... or is it? Crabs are usually the result of a failed Bat pattern and they are my favorite patterns to trade. This is shared for educational purposes, not a trade signal.
Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don't gamble.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.