Deep Crab
FDN (DJ Internet Index) Double Bearish Patterns evolving.....In the Covid-19 fell March/April selloff this index fell approx 32%.
It has regained just about 88% of this range and created a Bearish Bat Pattern.
One can overlay this with a Deep Crab Pattern which started on March 10th and signalled today.
The Deep Crab Pattern typically can have an extention which exceeds 1.618 and can reach as far
as 1.94x so this would target $156.57 area max.
So two bearish formations could lead to rapid sell off if some of the main internet sector leaders fail or
the general market hits an air pocket.
This is a 180 minute chart so price action could evolve quite rapidly
S.
XRP/BTC PAIN BEFORE GLORY ??
POSSIBLE BULLISH DEEP CRAB PATTERN FORMING. IF THIS HAPPENS IT WILL BE AMAZING FOR PEOPLE THAT ARE PATIENT AND WAIT FOR COMPLETION OF THE PATTERN
DEEP CRAB - DAX30 - 15mPossibility of short term corrective swing from possible PRZ at the completion of Deep Crab on 15 minute chart.
PRZ = 10584.7 - 10600.7
1.618XA = 10596.2
2.618BC = 10584.7
1.272ABC = 10600.7
GOLD: BAMM-tradePotential emerging deep crab pattern setting up on the chart. Hidden bullish divergence can be spotted with the RSI. On the shorter timeframes, the RSI is showing regular bullish divergences.
We have some demand coming in around 1670, which is a 88.6% ret. of last week candle, and 127.2% ext. of yesterdays candle. Support is located at 1660. Below this level the deep crab pattern is invalidated.
Good luck to all trading gold !!
DEEP CRAB Developing - GBPCADPRZ = 1.69216 - 1.68527
1.618XA = 1.68527
3.618BC = 1.68605
1.618ABC = 1.69216
Happy Trading
GG
DEEP CRAB - NZDUSD - In DevelopmentNZD USD 1H TF
Pattern in Development
=======================
Deep Crab is developing on 1H TF. Watch price action in projected PRZ. Possible Short.
PRZ = 0.62041 - 0.62096
1.618XA = 0.62041
2.618BC = 0.62096
1.272ABC = 0.62021
Happy Trading!
GG
EURUSD - 15m - A scalp bounce of 1.0800 handle and Deep Crab PRZLooks like a mini deep crab like pattern on 15m which could give more support to 1.0800 handle bounce and scalp opportunity for 30-50 pips.
Expecting price to continue lower in the intermediate term, though. So, personally may not be inclined to take this particular trade.
NZDUSD H1 trend continuationJust spotted multiple confluences for the bullish trend continuation on this pair. Price filling up an Imbalance and completion if these bullish harmonic patterns as specified on the chart.
GBPUSD OVERVIEWPrice approaching an OB (h4). Coming down to the 30 minutes time frame, a deep crab pattern is projected aligning perfectly with the 50% of h4 OB. Expecting price to drop from that zone filling up Imbalance, creating a higher low and continue the initial uptrend.
Trade Ideas Position: GBPUSD CrabA bullish deep crab pattern setup and went into consolidation after the HOP level.
Would you see this as a fail deep crab?
The deep crab pattern is still valid, watch closely.
The HSI arrow shows a potential entry for a check back, no doubt the candle has a lower price, but it didn't break and close below the candle that has HSI candle.
Pound/ Dollar ***This is an online journal entry.***. As previous entries on my profile i am still learning how to be a Harmonic Trader. I am not a big fan of the crab patterns as they extend quite a bit past the XA leg. Originaly when i started trading patterns I admit i ignored the importance of the AB=CD. But, after reading the Books written by Scott Carney the back bone of all the patterns is the AB=CD. So, now I look for the AB=CD patterns first and then add the "X" leg after I caluculate the AB=CD pattern.
Here, we have a Deep Crab Pattern on GU. Today is Terminal Bar Day. So, Next week (around wednesday or thursday) if price starts to move sideways next week and does not blow through the PRZ then we have a nice trade.
As with most Harmonic Patterns the TP Targets are based off the CD leg and its the 382 and 50.
***CAUTION*** THIS IS A COUNTER TREND TRADE SO TARGETING A .382 IS TARGET 1 AND (STRICTLY PERSONAL PREFERENCE) 618 IS T2. BREAKEVEN IS WHEN PRICE TOUCHES THE 382.
Deep crab pattern LINK/BTCWatch price action at completion of the pattern. if reversal pattern forms at completion . SHORT
Possible Deep Crab LINK/BTCWatch price action at completion of the pattern. if reversal pattern forms at completion . SHORT!
Trade Ideas Position: GBPUSD BatA bearish bat set up for a trend trading trade. Trade has already engaged, a break and close below the trendline will give strength to the downwards movement. The level completes with a bearish deep crab pattern as well and having a market consolidation.
USDJPY: bullish signalSupport starting to appear at the bottom of a descending channel. The trend is still bearish, but hopefully we will see a trend reversal as anticipated by the deep crab pattern. We also happen to see a double bottom appearing after the test of the descending channel lower range.
Stops should be placed just below the structure.
USDJPY: UpdateLast trade was a 100 pip winner on with the shark strategy.
Now we see a Gartley pattern and a deep crab pattern converging in the same area. Will the downtrend continue from here? I think so. If not, we are going to see some very extended moves that can be anticipated by the previous shark pattern.
One way or the other I am looking for an extended target for this scenario.
Trade Ideas Position: USDJPY CrabA bullish deep crab setup as a counter-trend trade on the 4-hourly chart but it is also a trend trading setup on the daily chart as market reverse at a well-supported level.
Interesting to know the reversal point on the daily chart happens to be the second target for the bearish bat on the daily chart.
Trade Ideas Educator: AUDCAD CrabAnother check-back on the bullish crab pattern, having such a long tail in a way comfort me to look for a buying opportunity. That being said, a candle confirmation is required before I engage for a buying opportunity.
USDJPY-Weekly Market Analysis-Mar20,Wk1A bullish deep crab and bullish abcd pattern converge for a buying opportunity. It is quite common for this to overshoot, and I'm looking for a buying opportunity as a counter-trend trade on this timeframe but trend trading on the daily chart. A candle confirmation is required before I engage the trade.
deepcrabPossible deepcrab if market reverses and gives entry signal.
If you are interested to know more, feel free to check out the link below:
www.tradingview.com
Bullish Deep Crab - USDJPY (1Hr chart)- Revised Fib Timezone, expected completion of D between mid - Feb to end of Feb
TP1: 109.522
TP2: 109.755
SL: 108.827
BTC : 9500$ confirm as main supportHi every body, 9500$ confirm as main support
Price is in an impulsive wave
It seems 10020$ is the end of wave 4 and we should wait for wave 5.
10400$ could be a target for wave 5.
price can retrace from 10400$ to make another impulsive wave
If this scenario happen we should have a deep crab pattern
Usually we can see deep crab pattern in wave 4
