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Crab

Gartley + Deep Crab EURUSD - We have a potential Gartley pattern forming on the daily with a potential deep crab forming on the 4H chart, both patterns confirm each other, (Last week we had a potential ABCD but after more studying i've found stronger potential bullish movement) current price still hasn't broken previous structure (It's sitting on the quaterpoint) if structure doesn't break and price continues to rise with confirmations of wicks/candles then I will be buying in. Lets wait for the market to open/price to settle and take it from there!
Long
by ProFxAI
Bitcoin ... Three-Peat ?? The $29,000 to $31,000 area has provided good support for 2021. Twice Harmonic patterns (Shark and Deep Crab Patterns) have reversed trend around these levels on a daily basis, Now we have a Bat pattern, albeit on a 5 hour basis Is this enough to reverse the trend in place since mid June ? Perhaps but I'd like to see a bottom in first which is why my entry level is not a current levels. To be fair Deep Crab patterns (rose colored) can overextend to the $25,000 area. Bottom line: This is a support area worth watching, bolstered by my bottom window propriety indicator, which appears in a reversal zone and has had a reasonable success rate. As always do your own due diligence, trade within your means and accept losses as part of your trading education (Note this is a daily chart and there may be a lot of range volatility in each bar.) S.
BITSTAMP:BTCUSDLong
by Steve666
5
USDCAD 1HR-DEEP CRAB HARMONIC POTENTIAL USDCAD has met the requirements for a Deep Crab Harmonic pattern. I will be overserving this pattern and looking for potential opportunities. My style of trading focuses on flowing with the Harmonic Market Structure price reveals. Price Action, Fibonacci , Wave Sequences, Moving Averages, and a mixture of Multi Time Frame Confluence. Most importantly the visual realization of emotions cycled into the chart. As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together , the more informative these ideas become for newer traders. STAY PATIENT & STAY BLESSED! ~T$
Short
by OkayTrev
Crab and Deep Crab harmonic patternHow to trade when you see the pattern? Trading a bearish Crab pattern To trade a bearish crab pattern, put a short (sell) order at point D (the 161.8 percent Fibonacci extension of the XA leg). Entry: Identify where the pattern will end at point D, and place your order Stop-Loss: Put your stop-loss just below point D Take Profit: The location of your profit target is highly subjective and depends on your objectives and market conditions. If you desire aggressive profit, place it at point A of the pattern. For a more conservative profit, place it at point B. Trading a bullish Crab pattern First of all, choose the crab pattern charting tool and follow all the above rules to identify the pattern. Remember that the Fibonacci ratios are very important to trade the crab pattern. If you notice the pattern on a price chart and if you find the ratios not matching with the pattern rules, it means that the pattern is not valid. So do not trade that pattern. When the price action confirms the pattern, immediately enter for a buy. If you are a conservative trader, ensure you wait for a couple of bullish confirmation candles before entering the trade. There are four targets (X, B, C, A) to place the take-profit order in the crab pattern. At the start, traders try to book full profit at point A, but when the price crosses point B, the market turns sideways. So book half of your profit at point B and then close your full positions at point A. Most of the traders placing their stop-loss way below point D; however, that’s a wrong way to do it because they are risking more due to this simple logic. If the price action breaks point D, it automatically invalidates the pattern.
FTSEMYX:FBMKLCIEducation
by manjoiboyz