fximperija
Short

AB-CD crab overlap for short

FX:EURJPY   Euro Fx/Japanese Yen
275 6 4
EJ             makes HH's and HL's on his way up to complete the crab pattern . Some hard res. along the way. Let's if it can make it.
I think it is a butterfly,if you see 0.786 retracement of XA=AB,and 0.50 retracement of XA=BC and the first PRZ will be at 0.886 XA,0.5 extension of AB and 1.27 BC ; PRZ 1 will be at XA ,0.618 extension of AB and 1.618 BC ,PRZ 2 maybe at 1.27 XA,AB=CD and 2.618 BC.It is only my view.
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Andrek1876 Rodolfo430
Yeah its a butterfly..great catch fximperija
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First i have never drawn a crab pat before and am not saying your pat is not correct i just want to understand it better seeing its a very hard to find pat but from what i have read on the pat the 1. Move AB should be the .382 or .618 retracement of move XA and yours is at the .786..is that an exception or can you explain a bit?
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fximperija Andrek1876
You are absolutely right about the fib ratios for crab. I do sometimes "bend" the rules, in this case because of the embedded ABCD which lines up to a nice 2-618 trade setup. The only reason.
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fximperija Andrek1876
YO, sorry mate, I just saw...I was drawing another pattern on my platform and got distracted, was a crab. This is a butterfly, no doubt, I just wrote the wrong type in the heading. This is a perfect butterfly. Sorry again, just a human, s*hit happens :) Cheers
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Andrek1876 fximperija
lol..OK but i do agree about the reversal at the point looking to take it...i dream the day i find a crab pat
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