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Deep Crab

Bearish Deep Crab (4H)“The Deep Crab pattern evolved from two patterns—invalid Bat patterns and a specific type of Crab pattern that Scott Carney developed as a further refinement of the basic structure. The Deep Crab is similar to the original Crab pattern, as it is a 5-point extension structure that utilizes exclusively a 161.8% XA projection for the defining level in the Potential Reversal Zone (PRZ).The difference can be found at the B point which must be an 88.6% retracement of XA. In fact, the Deep Crab pattern usually possesses a B point that is beyond the 88.6% level but it does not violate the initial point (X).
Short
by Cryptsyxalt
GBPAUD - Bullish Deep CrabWell, is rather rare for me to share my workings this way as I prefer clean chart, so bear with me on this. There's a bullish deep crab setup on the GBPAUD, the level that the setup end was at a Major Support Level, on the daily, 4-hourly and 1-hourly chart. The first target of the bullish deep crab pattern coincides with the assumed retracement level I was looking at, with RSI at the overbought area and other things, I've already engaged the trade.
Long
by RaynLim
Bullish Deep Crab (4H)“ The Deep Crab pattern evolved from two patterns (invalid Bat patterns and a specific type of Crab pattern). It was developed by Scott Carney as a further refinement of the basic structure. The Deep Crab is similar to the original Crab pattern, as it is a 5-point extension structure that utilizes exclusively a 161.8% XA projection for the defining level in the Potential Reversal Zone (PRZ).The difference can be found at the B point which must be an 88.6% XA retracement. In fact, the Deep Crab pattern usually possesses a B point that is beyond the 88.6% level but does not violate the initial point X. The 88.6% B point requirement is special to the Deep Crab. When the structure is in the midst of completing the CD leg, the violation of the B point AND the X point typically creates a situation of severe price action. In essence, the price action is violating two important prior support or resistance points. When this happens, the result is frequently a sharp move that quickly extends to the 161.8% XA projection. Another difference in the Deep Crab pattern is the AB=CD structure. The AB=CD pattern is a more important consideration in the Deep Crab, although the structure typically possesses the 127%AB=CD alternate variation it is common for these structures to possess equivalent AB=CD patterns in certain circumstances. ”
Long
by Cryptsyxalt
London bridge is falling down...Hello everyone, its been awhile since my last post ! So here is my 2 cents view of swing probability for FCPO. Last week was exactly happened !! A bearish Deep Crab pattern appear which indicates the sign of reversal price. Ohhh if you wanna argue with the momentum....... u can see the MACD below kinda look like its gonna crossed. So the last week decision was.. SSL : Blue line top. TP : Green line or within the black line. SL : Red line For those who has not enter yet might try to enter at the blue line. This is just a study of probability, and for some education purposes only. Tayor..
MYX:FCPO1!Long
by zhafrihandsome
2
FCPO - Entering Supply Zone AgainFCPO now is entering the supply zone once again after climbed more 1000 points after rebounded on May 2020. This zone has been visited 3 times in late 2016, beginning of 2020 and here in present. A V-Shape accompanied with a bearish harmonic deep crab may witness the upward trend could be stalling. Price action plays the crucial role to determine the price will be rejecting in the supply area. A short opportunity if price reject in the potential reversal zone (Light Blue Box), may give a potential 1st target to visit 2596 area with a stop of 3233 Eagerly awaiting for this potential event.
MYX:FCPO1!Short
by FXCruZaDer82
2