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Crab

Possible Targets of Nifty Sniperthe detail is shown in the above Chart. I made this Idea based on Harmonic pattern using Fibonacci tools. The Crab pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D. Key elements of the Crab pattern: B point that is a 0.618 retracement of XA or less extreme BC projection that is typically a 2.618, 3.14, or 3.618 alternate 1.27 or 1.618 AB=CD pattern required 1.618 XA projection as the defining limit with the structure C point with range between 0.382 and 0.886. The pattern can display rapid price action movement, and that often results in fast reversals at the PRZ.
NSE:NIFTY
by SEYED98
Understanding the US10Y Crab Pattern in 2024 The US10Y refers to the 10-year Treasury bond yield, which is a key indicator of the overall health of the economy and is closely watched by investors. "Analyzing the US10Y trend, a bearish butterfly pattern has emerged at the 1.276 and 1.618 level, indicating a potential bullish trend in 2023. This pattern suggested a reversal in the current market direction, and The US10Y bond market has been exhibiting an intriguing pattern known as the "CRAB PATTERN," with implications for the year 2024. This pattern suggests that the market may experience a period of consolidation before potentially reversing its direction. Additionally, the presence of a parallel channel further supports the notion of a bearish trend, as this technical indicator typically indicates a downward trajectory in the market. Traders and analysts should closely monitor these developments and consider potential strategies to navigate the market amidst this anticipated trend. It is crucial to conduct thorough analysis and consider various factors before making any significant trading decisions in response to the observed pattern and trend.
TVC:US10Y
by SEYED98
3
CAD/CHF: Bullish Reversal Expected at Key Support levelThe CAD/CHF currency pair is currently forming a Bullish Crab Harmonic Pattern (XABCD). Point D, identified as the Potential Reversal Zone (PRZ), aligns with multiple technical confluences, suggesting a high probability for a bullish trend reversal. ______________________Key Technical Confluences____________________ Potential Reversal Zone (PRZ): Point D, our PRZ, is critical for anticipating a trend reversal. It coincides with: Key Support Area: This area has historically acted as a strong support level, providing a firm foundation for a potential bullish reversal. Daily Trend Line: The PRZ intersects with a long-term daily trend line, reinforcing the likelihood of a reversal. 61.8% Fibonacci Level: The PRZ also aligns with the 61.8% Fibonacci retracement level, a significant indicator of potential price reversal in harmonic patterns. Entry Strategy: To capitalize on the anticipated bullish trend reversal, we recommend taking a position at the breakout of the resistance level near 0.65370. This level is crucial as a successful breakout here confirms the reversal pattern. Stop Loss: Place the stop loss slightly above the support level at 0.65590 for risk management. This placement ensures protection against false breakouts and market volatility. Take Profit Targets: We have outlined three profit levels to maximize returns while managing risk effectively: TP-1: 0.65150 TP-2: 0.64930 TP-3: 0.64710 Each take-profit level offers a strategic point to secure profits as the market progresses in our anticipated direction. Conclusion: The convergence of technical factors at Point D strongly indicates a potential bullish reversal for CAD/CHF. By aligning our entry, stop loss, and take profit levels with these confluences, we enhance our trading strategy's robustness and probability of success. Trade with caution and ensure adherence to your risk management protocols.
Long
by trading_jupiter
2
XAUUSD point of view My Analysis of the Gold (XAUUSD) Chart on the Daily Timeframe The gold chart has formed a double top pattern with a middle bottom, representing a neckline that serves as a strong support line. If this support is broken, there is a bearish target at the price level of 2206 or halfway down. If the price continues to fall, there is another target at 2181, provided there is a clear break below the retracement zone ending at 2200. In the case of a rebound from the neckline, we are looking at nearby targets due to a harmonic pattern formed on the hourly timeframe, with the first target at 2361. If there is a clear breakthrough of the initial retracement zone, which ends at 2395, there is a high probability of reaching the third target at 2434. A potential rebound from the double top trendline is possible; however, if this trendline is breached with a closing price above it, we are likely heading towards a new peak. The retracement zones have been identified using a special strategy based on Fibonacci analysis. Disclaimer : This analysis is my personal interpretation of the gold chart and all scenarios might not happen as predicted. This is not financial advice, and it should not be taken as such. Trading involves risks, and it is essential to conduct your own research and consult with a financial advisor before making any trading decisions.
PEPPERSTONE:XAUUSD
by AlmheiriAli
XAUUSD Analysis: Potential Breakout from Double Bottom Pattern aAs clearly shown on the chart, XAUUSD has respected the neckline of the double top pattern, without a daily close below this level. A double bottom has now formed on the daily timeframe. A daily close above the neckline at 2350 strongly indicates a potential move to the target of 2373. This also aligns with the first target of 2361 for the harmonic pattern identified on the hourly timeframe, as mentioned in the previous analysis. It’s crucial to note that there hasn't been any daily close above or below last week's candle range (low of 2320.6 and high of 2364), which has been containing the price in a sideways trend. Exercise caution when approaching these levels, as there might be false breakouts or breakdowns followed by reversals. To mitigate risk, it's advisable to enter after a retest of the previous week's levels. Key levels of interest have been marked on the chart. These levels are derived from my personal strategy, which has proven effective based on my trading experience. Disclaimer : This is my personal view on XAUUSD and not a recommendation to buy or sell.
PEPPERSTONE:XAUUSD
by AlmheiriAli
2
Mastering Bullish & Bearish Crab Patterns - Entry, SL & TPs LevlHarmonic patterns are integral to technical analysis in financial markets, and the Crab pattern is one of the most distinct among them. Both bullish and bearish Crab patterns provide precise trading opportunities by indicating potential reversal points in the market. This article delves into the structure, identification, and trading strategies for both bearish and bullish Crab patterns. ____________________Bullish Crab Pattern_________________________ Structure and Identification: A Bullish Crab pattern is a reversal pattern that signals a potential bullish reversal at the end of a bearish trend. It consists of five points labeled X, A, B, C, and D, forming distinct Fibonacci retracement and extension levels: XA: The initial move from X to A. AB: Retracement from XA, typically 38.2% to 61.8% of XA. BC: Retracement from AB, typically 38.2% to 88.6% of AB. CD: Extension of XA, typically reaching 161.8% to 224% of XA, and is the longest leg. Entry, Stop Loss, and Take Profit Levels: Entry: Place a buy order at point D, where the CD leg completes the 161.8% to 224% Fibonacci extension of XA. Stop Loss: Set just below point D to safeguard against potential false breakouts. Take Profit: Use multiple levels: TP1: 38.2% retracement of the CD leg. TP2: 61.8% retracement of the CD leg. TP3: Point C level. _____________________Bearish Crab Pattern_________________________ Structure and Identification: A Bearish Crab pattern signals a potential bearish reversal at the end of a bullish trend. It mirrors the Bullish Crab pattern with the same Fibonacci retracement and extension levels but in reverse: XA: The initial move from X to A. AB: Retracement from XA, typically 38.2% to 61.8% of XA. BC: Retracement from AB, typically 38.2% to 88.6% of AB. CD: Extension of XA, typically reaching 161.8% to 224% of XA, and is the longest leg. Entry, Stop Loss, and Take Profit Levels: Entry: Place a sell order at point D, where the CD leg completes the 161.8% to 224% Fibonacci extension of XA. Stop Loss: Set just above point D to protect against potential false breakouts. Take Profit: Use multiple levels: TP1: 38.2% retracement of the CD leg. TP2: 61.8% retracement of the CD leg. TP3: Point C level. Conclusion: Crab harmonic patterns, whether bearish or bullish, provide traders with high-probability reversal signals by leveraging precise Fibonacci retracement and extension levels. Correctly identifying these patterns and setting appropriate entry, stop loss, and take profit levels are crucial for capitalizing on their potential. As with all trading strategies, it's essential to complement harmonic pattern analysis with other technical indicators and sound risk management practices to enhance the chances of success.
OANDA:XAUUSDEducation
by trading_jupiter
ARPA is starting a new uptrend. This is going to be hugeARPA is looking really good on the major timeframe. We have a breakout of the local small parallel channel and the volume last year was pretty strong. 25x is possible on this coin in 2024. Take profit at the top of the parallel channel or 1:1 FIB extension (LOG). It looks like the pump is starting, so it is time to buy if you are interested in this coin. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! ARPA Network (ARPA) is a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains. ARPA threshold BLS signature network serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge and decentralized custody across multiple blockchains. ARPA was previously known as ARPA Chain, a privacy-preserving Multi-party Computation (MPC) network founded in 2018. ARPA Mainnet has completed over 224,000 computation tasks in the past years. Our experience in MPC and other cryptography laid the foundation for our innovative threshold BLS signature schemes (TSS-BLS) system design and led us to today’s ARPA Network. Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure. Randcast offers a cryptographically generated random source with superior security and low cost compared to other solutions. Metaverse, game, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution can benefit from Randcast’s tamper-proof randomness. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
10
$BTC Reversal zone still in playCRYPTOCAP:BTC recently completed its initial reaction to the reversal zone of the bullish crab pattern. As per the author of harmonics trading strategy, for type 1 reactions (Bounce), the target would be around 0.382-0.618 of point A-D within 1-6 candles. Bitcoin bounced according to this rule by the book. The price then reversed to retest the reversal zone TODAY. Price seems to be holding up above it for now but it can still spike down. However, the expectation is for the price to consolidate at the reversal zone for 7-12 candles. If bitcoin follows this rule by the book, then we might see bitcoin's reversal in a week or two. It is unclear though if the candles meant by the author is on the same timeframe or if it can be of a smaller timeframe like an hourly or a 4 hour tf. Because he showed an example of type 2 REVERSAL using a weekly timeframe where the price just exploded in just 1 candle. Peace!
COINBASE:BTCUSDLong
by gmajor2323
1
EURJPY - Bearish Crab Pattern Indicates Potential ReversalEURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias. Bearish Crab Harmonic Pattern (XABCD): The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely to reverse downwards from Point D. This pattern typically indicates a high probability of a trend reversal. 4-Hour Trendline: The price is currently at a 4-hour trendline, adding confluence to the potential bearish scenario. A breach below this trendline could signal further downside momentum. Entry, Stop Loss, and Take Profit Levels: Entry: 165.900 Stop Loss: 167.060 Take Profit Levels: TP-1: 164.720 TP-2: 163.600 TP-3: 162.450 Risk Management: It's essential to adhere to proper risk management practices when executing this trade. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to account size and risk tolerance. Conclusion: In conclusion, the technical analysis suggests a bearish outlook for EURJPY, with the formation of a Bearish Crab Harmonic Pattern and the price approaching a 4-hour trendline. Traders may consider selling at 165.900 with a stop loss at 167.060 and targeting take profit levels at 164.720, 163.600, and 162.450.
Short
by trading_jupiter
1
EURUSD Analysis: Support & Resistance TradingKey Levels (1-hourly chart): - Resistance: 1.0669 - Support: 1.0630 Additional Setup (4-hourly chart): Bullish Deep Crab & ABCD Patterns at 1.0522 Analysis: - Approach: Identifies potential shorting and buying opportunities based on support & resistance levels - Key Levels: Highlights resistance at 1.0669 and support at 1.0630 on the 1-hourly chart - Alternative Setup: Considers a more favorable buying opportunity at the convergence of Bullish Deep Crab & ABCD patterns at 1.0522 on the 4-hourly chart Trade Plan: - Shorting Opportunity (1-hourly chart): Consider shorting at 1.0669 or buying at 1.0630 - Preferred Buying Opportunity (4-hourly chart): Look for a convergence of Bullish Deep Crab & ABCD patterns at 1.0522 - Risk Management: Implement effective risk management techniques to protect trades Insights: EURUSD presents trading opportunities at key support and resistance levels on the 1-hourly chart. Additionally, a more compelling buying opportunity may arise at the convergence of Bullish Deep Crab & ABCD patterns on the 4-hourly chart. Ensure prudent risk management practices are in place to manage potential market volatility. 📉📈 Exercise caution and prioritize risk management when trading EURUSD based on support & resistance levels!
Long
by RaynLim