The Alternate AB=CD Pattern
AB leg : lower price 61.74 - 85.41c
CD leg: 62.43 - 91.83 = 1.27AB
The Bearish Crab Pattern( W-type formation , XABCD )
X: 79.23 the starting point of The Crab Pattern
A: 62.43
B: The mid-point B @ 73.35, 0.618 retracement of XA leg.
C: 0.618 retracement of AB leg
D: 3.618 BC projection @ 92.49
AB leg : lower price 61.74 - 85.41c
CD leg: 62.43 - 91.83 = 1.27AB
The Bearish Crab Pattern( W-type formation , XABCD )
X: 79.23 the starting point of The Crab Pattern
A: 62.43
B: The mid-point B @ 73.35, 0.618 retracement of XA leg.
C: 0.618 retracement of AB leg
D: 3.618 BC projection @ 92.49
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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.
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.