SPX Deep Crab - The Difference Point B Makes
Updated
I 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.
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.
Note
Keep in mind, this market is trading like a Wave 5 at the end of a big cycle. Anything can happen. Best advice is just be patient and allow opportunities to come to you.
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