Tradesy1

Bullish Crab Pattern

FX:EURUSD   Euro / U.S. Dollar
The Crab is a precise Harmonic pattern that was discovered by Scott Carney in 2000.

The Crab is a distinct 5-point extension structure that utilizes a 161.8% projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ).

The extreme (261.8%, 314%, 361.8%) projection of the BC leg compliments the 161.8% extension of XA.

Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals.

It is common for price action to possess extreme ranges, quickly testing the Crab PRZ during the reversal. In fact, the price action experienced in Crab pattern completions is usually the most extreme of all of the patterns.

Despite the typically severe reversals, the focus of the pattern’s completion should examine the 161.8% projection of XA.


As I am yet to post a complete tutorial for the Crab pattern I did not publish this idea prior to entry, but due to it's significance to the current Bearish Gartley pattern on the Daily time frame I have published this live version to show confluence for the entry point of the Daily Gartley .
Comment: TP2 for this Crab pattern aligns closely with the Entry for the Daily Bearish Gartley. As Bulls take profit at TP2 Bears will use this decrease in buying pressure to force the continuation of the bearish move.

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