Crab harmonic Pattern for XAUUSD Price

The Crab market strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Crab pattern needs to fulfill the following three Fibonacci rules:

AB= retrace between 0.382 - 0.618 Fibonacci Retracement of XA leg;
BC= minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg;
CD= Poses a target between 2.24 - 3.618 Fibonacci extensions of the AB leg or an ideal target of 1.618 of XA leg.

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Trade closed: target reached