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.
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.