Bearish Deep Crab (4H)
Adding confluence to the Daily Crab, this Deep crab has hit the required measurements of 161.8% XA, AB=CD 127.2% and the 261.8% BC projection.
Reversals of this magnitude are generally volatile processes and take a considerable amount of time.
Expect a large amount of choppy movement as the bears begin to take control back from the Bulls.
Higher time frame patterns should be used as bias for entering trades on lower time frames.
Reversals of this magnitude are generally volatile processes and take a considerable amount of time.
Expect a large amount of choppy movement as the bears begin to take control back from the Bulls.
Higher time frame patterns should be used as bias for entering trades on lower time frames.
Related publications
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.