CRAB in HCL-Tech
Classic Crab Pattern with SL around 880.
Note
Bullish Deep Crab.
Note
Lot of Harmonic Gurus do not team explain it properly. Pl refer to to harmonic trader website by Scott Harney at harmonictrader.com and see this video. youtube.com/watch?v=TLbXp6HoDhY
Also see how Deep crab formation is diff than Crab formation
youtube.com/watch?v=0HJtrKAS46c
Note
We need to use the method properly. We need to learn reversal vs reaction, type 1 vs type 2 reversal, and how RSI structures plays imp role. Pl read all the books they are awasome ref on harmonics.You can register yourself free at harmonictrader.com and get the PDF copy of the book free. Pl dont fall in trap from Harmonic Gurus, that is not the right way. Let's follow what the inventor of harmonic patterns (Scott) taught, And his Videos are free on the YouTube with Free PDF copies. This is really awesome and right way way to analyze the market.
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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.