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Deep Crab

SPX Deep Crab - The Difference Point B MakesI was re-watching Scott Carney's video on the Deep Crab when I noticed something. The software he uses pinpoints the precise B point, as opposed to the peak. So I thought I would look at both. The left side is if you were to project the B point off of the XA - 0.886 @ 3004.51 and the right is simply from the swing high. There are three distinctions I noticed. First: 1.272 AB = CD is the minimum requirement for triggering the Deep Crab Left side: 1.272 AB = CD was triggered today @ 3087.94 Right side: 1.272 AB = CD is yet to be triggered @ 3110.17 Second: The 2.0 BC target Left side: The 2.0 BC target @ 3153.26, which is beautifully inline with the primary XA 1.618 @ 3155.12 Right side: The BC target is all the way above the primary XA 1.618 @ 3188.04 Third: The 1.618 AB = CD Left side: Right below the XA 1.618 @ 3151.05 Right side: Below the right side's 2.0 BC target @ 3188.04 **The 1.618 @ AB=CD is not significant/required for the Deep Crab at all, however just look at the left chart... it's fib porn. Really curious to watch this unfold. The Deep crab is a volatile structure, so I'm going to use a combination of both the left and ride side's ratios. So if we breach the primary zone on the left, I will be utilizing the AB=CD and 2.0 BC zone. Also, anyone have any particular oscillators they like using with harmonics? I usually just use divergences on the MACD Histogram, RSI, CCI, etc. I would use OBV, HOWEVER TradingView can't provide volume for the most important index chart in the world. I spent a lot of time on this one, so if you have any feedback please comment below and if you'd like to see more leave me a like. I will probably do the NDX next, because I know there is a Deep Crab on there.
SP:SPXShort
by BigDGoesHard
12
Gold Weekly Deep crab H4 gartleyHi there, It has been a long time did not post anything lol. Recently Oil and Gold has been in large daily swing play as the market mood swtiching risk- on and off enviroment because of trade war tension plus potential global recession. Due to the fact all central banks around the world start cutting rates, investors starting get panic which jumped into safe heaven bets(JPY,CHF,GOLD etc.) Oil(Daily Bullish butterfly) consider as risky asset with a large correlation with CAD(The only major central bank did not cut the rate), that is the 1st clue of a potential strong CAD among majors from the price action after news has been released, see details in CAD/JPY and USD/CAD. From my observation lately that USD/JPY have a strong negative correlation with Gold, there is a Weekly bullish Bat 2.618 pattern from U/J after a long consolidation at the bottom. Once the Risk-on mood started, All safe heaven assets will drop but i think it just a temporary retracement, super long term view on Gold still bullish. But have to take this shorting opportunity tho :) MON-WED looking for Long the H4 pullback on GOLD, Sell-off starting the end of week.
FX:XAUUSDShort
by Fernandobeast