Crab
NZDJPY - Bearish CrabAn RSI Divergence is born after the retest of the previous high give an opportunity for the risk-takers to engage the trade, there are 2 levels that traders need to observe, a break and close below of the red box and a break and close below of the black line for the safe passage towards the promised land(profit level).
Bearish Crab PatternNZDJPY BEARISH CRAB PATTERN
Hello Trader, This is a long term trade with a good risk to reward ratio on a daily timeframe.
Market Sell Order Set Up.
Sell Entry: (75.675)
Min Take-Profit: (73.087)
Max Take-Profit: (71.367)
Stop-Loss: (77.359)
Max Risk-Reward: (2.56)
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BTCUSD Harmonic Bearish deep Crab.Shown here we can see a bearish deep crab pattern has formed on the 1 hour timeframe.
The key measurements for the crab are denoted on the entry point;
1 : 161.8% XA measurement for entry.
2 : 200 % XA providing the stop Loss.
Also shown around the entry point we can see a 200% BC projection and a 127% AB=CD Marked as fib levels.
To further validate entry we would like to see these levels broken in a single bullish candle.
Stocks Struggling for SanityStocks have displayed some extreme volatility over the last few days. The S&P has spanned about 200 points from highs to lows down in the 3600 handle. Currently, it has regained the 3800's finding support right around the psychological 3800 level. Even the Kovach OBV is somewhat oscillatory which shows the vicariousness of the momentum coming through this product. Eventually such extreme volatility will peter out, and we will have more well defined behavior soon. There is a double top at highs, which is a bearish sign. Also, we see a bearish crab cypher pattern on the daily chart. These are both ominous signs, so the fed will have to run the money printers on overdrive if they wish to prop up stocks for another bull run.
Gold short Harmonic pattern Bearish deep crab (4 H )Here we see what could be the making of a bearish deep crab.
The entry point being the 161.80 % XA measurement with the stop loss at 200% of XA.
Also we can see the 261.80% BC Projection marries up with the entry point providing further validity if entry is made.
Please refer to Scott carney's work if you are further interested in harmonic patterns.
Alrighty a Crabby Patty Pattern Thanks ELonWe got a crab pattern on the 15min. Someone else posted but it was wrong dimensions this is correct dimensions for a crab pattern according Scott Carney Harmonic trader from harmonictrader.com
We expect to see a nice reversal in the PRZ. Stops exceeding the 2.0 but I don't think it will get that far. Anyways profits targets are the 38.2 and 61.8 possible the 1.13 of ad if it goes higher to even 50k Lehh goo! Screw bears.