Possible bullish crab pattern missing one leg down.
It's a harmonic pattern forming very often at the end of the downtrend.
It can make double bottom and finish the downtrend. It is possible to fall further down if this is extended version called deep crab.
Let's wait and see
It's a harmonic pattern forming very often at the end of the downtrend.
It can make double bottom and finish the downtrend. It is possible to fall further down if this is extended version called deep crab.
Let's wait and see
Trade active
Crab right shoulder got a little higher but it will still make it's magnificent leg! My bear friends are working hard right now forming a beautifull diamond here to take the price down to help us see the crab in full glory! Stay tuned!Note
Seems we have one missing wave 5 before drop. Bull flag formed so I expect top of the diamond to expand little higher. Note
Drop o'clockNote
Note
Yikes! crab got its leg
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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.