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Crab

UPL Weekly EW Wave counts with Harmonic Crab Formation WIPUPL Is technically looking solid and every dip should be a buying opportunity. Per Elliott Wave analysis Wave 3 formation in progress and we know that for any trend wave 3 is usually the strongest part of the trend. Wave 2 exactly retraced up to 0.618 FIB of Wave 1. We can also see subwaves within major Wave 3 but I will let the structure develop itself before attempting to count and measure them. At this point, a fair estimate would be to have wave 3 as 1.618 times of wave 1. We will obviously fine tune and find out a possible zone when subwaves starts to emerge with more clarity. That way we will have FIB Clusters up to which Wave 3 may go. From the Harmonic Crab Pattern perspective, We see B Point as 0.618 retracement of X-A leg and then C point as 0.382 retracement of A-B Leg. And we know once we identify the structure with 0.618 as B and 0.382 as C, this is usually Crab Pattern with 1.618 projection on X-A leg. I always recommend having a free account with Scott's harmonic trader website, download all the three PDF copy and read the concept. It is really amazing and accurate. From EW perspective, please read EW Wave book "Elliot Wave Principle : A Key to Market behavior" by Frost and Prechter.
NSE:UPLLong
by Kru-KB
1
Bullish Update for BEST Inc SetupA few weeks ago i posted a Bullish Crab setup for BEST INC and while the price did briefly dip below the PCZ, the price never got near our stoploss and is now well above our PCZ. BEST will be releasing earnings within the coming weeks and i expect it to have major gains leading to and after earnings. As of today i have discovered that not only did BEST have a bullish crab on the daily, it also has created this long term weekly and monthly channel that it's at the bottom of with lots of bullish divergence on the RSI. For more context on the original Bullish Crab idea refer to the idea located on the related ideas tab below.
NYSE:BESTLong
by RizeSenpai
The DAX is Going Against History - Bearish Crab in the MakingThe DAX index appears to be forming a Bearish Crab pattern, which typically entails likely bearish reversals. This is strong enough confirmation of the aforementioned bearish sentiment, but there is more. Provided that the price action reaches point D at around 15900.000, this would create perfect selling conditions. Moreover, the peak of the Crab pattern would be situated close to the psychologically significant resistance level at 16000.000, which in itself serves as a major turning point. Even though the index is expected to appreciate by an additional 300-400 basis points before such a reversal takes place, bears should keep an eye on the immediate behaviour of the price action. The Stochastic RSI indicator is already threading in its overbought extreme, which could incite more selling pressure in the near future. Moreover, the price action is currently testing the historic resistance level at 15500.000. Given that the index has never been able to penetrate this threshold decisively in the past, a reversal from the current market price seems highly probable. On the other hand, the latest upswing was initiated as a Marubozu engulfing candle that rebounded from the psychological support at 15000.000. The latter was also able to break out above the 50-day MA (in green) and the 100-day MA (in blue), both of which were serving as floating resistances at the time. This confirms the strength of the bullish pressure in the short term.
XETR:DAXShort
by Trendsharks
NMDC EW Wave Counts, Wave 4 Play with Crab Pattern confirmedStudying the EW wave with Harmonic and finding out high probable zones from from which swing high and swing low forms up has been a passion for me. I think EW wave analysis with Harmonic M and W structure provides low risk and high probability setups. One of the advantage of this analysis is to have minimum risk as these are all leading indications of the price structure. Coming back to NMDC See how nicely EW Wave patterns are formed in Weekly Look at Wave 2 retracements as 0.618 of Wave 1. Look at Wave 3 Target as precisely 2.618 of Wave 1. And in EW wave analysis, we don't not want to find a top or bottom, we want to find highly probable zones for target. So if you have bought when Wave 1 top is broken and Wave 3 is confirmed, you can then watch the reaction around 1.618 Fib extension, 2.618, 3.618 and 4.236 and so on as possible wave 3 targets. And along with that you simple determine major level which if broken, confirmed that Wave 3 is formed. But look how nicely, Wave 3 went up to 2.618 times of Wave 1. Also see how harmonic W structure forming Crab patterns in weekly time frame started giving high probability reversal zones. Again, in order to identify such setups, you need to do a lot of practice and train your eyes to see the possible pattern combinations. Pl read EW analysis Boon a classic ref on EW Analysis (1) Visual Guide to EW wave analysis by Bloomberg press by Wayne Jeffrey (2) Classic Ref on EW Wave is Elliott wave Principle : Key to Market Behavior by Frost and Prechter And on Harmonics, Pl log in to harmonic trade website harmonictrader.com register yourself as free membership, download all the three volumes by Scott and read them, Especially Volume 3 where he talks about combining RSI structure with Patterns and see the reaction and reversals. Also when, people says about boring theories, I disagree, they are not boring, Author of the book studied the market in depth and derived those patterns and price behaviors based on the extensive study and research on the topic.
NSE:NMDCShort
by Kru-KB
MISSION ALERT:TELL BITCOIN PUT THE MONEY IN THE BAG💰🏧Im not giving out any financial advice in this video, I am posting to track my progress and to make sure any new traders could scroll past my post and learn something new instead of being told to buy signals or follow another persons trades without actually understanding whats going on for themselves.I used to struggle as a new trader and never had any real idea of what was going on,so here you go. Banks are clearly the biggest manipulators of the market so i believe it is best to swim with the whales rather than get eaten by a shark(a.k.a. Elon Musk)😂 The concepts i trade with work in all markets and on every time frame, my only job is to be patient and the objective is to take profit!Like and comment if you agree with my post, Give me feedback so i can create better content for you guys!
BITSTAMP:BTCUSD
by GMthepipgod
1