Eventual Crab Pattern // Sell on Break // Long @D // IF=THEN ®
1. (The Short) The market can present us with a good short entry opportunity IF the price break down the supportH4;
2. (The Long) Bullish Crab Pattern objective: Long at D
Targets:
tp1 61.8% CD retracement
tp2 127% CD retracement
sl (check previous structure levels-yellow box)
The only difference between this two Crab patterns, is the X point, if we take the impulse leg from the previous support D1, or if we take the impulse leg a little above of it...
Point D is calculated from an XA extension at 161% or 224%316% ext from AB leg;
Yellow Crab pattern point D is calculated from AB extension, the target its around "supportD1"
Blue Crab pattern point D is calculated from XA extension, the target is around "resistanceW1"
On both cases, look left, structures give us clues;
Safe trades,
open.spotify.com/track/08kxZdBWN0VzRECYbwaYdC
2. (The Long) Bullish Crab Pattern objective: Long at D
Targets:
tp1 61.8% CD retracement
tp2 127% CD retracement
sl (check previous structure levels-yellow box)
The only difference between this two Crab patterns, is the X point, if we take the impulse leg from the previous support D1, or if we take the impulse leg a little above of it...
Point D is calculated from an XA extension at 161% or 224%316% ext from AB leg;
Yellow Crab pattern point D is calculated from AB extension, the target its around "supportD1"
Blue Crab pattern point D is calculated from XA extension, the target is around "resistanceW1"
On both cases, look left, structures give us clues;
Safe trades,
open.spotify.com/track/08kxZdBWN0VzRECYbwaYdC
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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