Crab Pattern

The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it's important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.

The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels are behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.
Intuit Intuit PRO BTCUSD, W, 19 days ago
BTCUSD: Bitcoin in Largest Harmonic Reversal Zone of its 8 Year History
2793 6 56
Bitcoin in Largest Harmonic Reversal Zone of its 8 Year History
Bitcoin is at a yuge Harmonic and Elliott Wave reversal zone. If this breaks up about 100 more dollars and can stay above that resistance zone , then it will become a support zone and the trend will likely continue up from there, possibly to 1500 usd. If the bears can hold this resistance zone then Bitcoin will ...
EverythingForex EverythingForex PRO AUDUSD, 240, 18 days ago
AUDUSD: QUICK UPDATE: AUDUSD - Sell Now? Nope! Better Know The Count!
1142 7 38
QUICK UPDATE: AUDUSD - Sell Now? Nope! Better Know The Count!
Time and time again, I see traders trading not knowing where prices are and what is the probability of success. This is where knowing the wave count is a MUST! Without it, you are only seeing half the picture and basically trading blind! You see, wave counting is like a roadmap to where prices are going. Just like ...
rangika.ailapperuma1 rangika.ailapperuma1 USDCHF, D, Long , 2 days ago
USDCHF: Deep Crab Pattern - Daily
23 0 4
Deep Crab Pattern - Daily
Price reversal zone comes at the 61.8 of the uptrend, The Deep Crab Pattern™, is a Harmonic pattern™ discovered by Scott Carney in 2001. The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme ...
ChrisMark ChrisMark GBPUSD, 240, Long , a month ago
GBPUSD: GBPUSD 4H Chart.Looking to buy abc correction
1091 0 76
GBPUSD, 240 Long
GBPUSD 4H Chart.Looking to buy abc correction
Hello Traders , Merry Christmas ! GBPUSD has given me very good trades so far as I was selling from 1.26850 (you can see my previous view here Now I am looking for buy setups near the previous lows, where a correction could ...
Trading_Jazz Trading_Jazz PRO GER30, D, Short , a month ago
GER30: (Daily) Grab a Crab @Divergence // Targets @Previous Structure
910 1 39
GER30, D Short
(Daily) Grab a Crab @Divergence // Targets @Previous Structure
FX:GER30 Safe Trades;
ScottCarney ScottCarney SPY, W, Long , 6 months ago
SPY: Failed Harmonic Pattern Confirmed!
410 1 6
SPY, W Long
Failed Harmonic Pattern Confirmed!
This not a Crab and Bfly @ 1618! It is just a weekly 1.618 that is now failing. After 15 months and 2 significant pullbacks, this is officially a harmonic breakout SP500 above 2050! The 2.0 extension @248 is NOW the new target. This is what happens with price action after such a consolidation. Learn more about ...
ScottCarney ScottCarney SPX500, M, Short , 8 months ago
SPX500: SP500 MONTHLY Bearish Crab!
520 1 12
SPX500, M Short
SP500 MONTHLY Bearish Crab!
Bearish Crab TYPE 1 goes to 382@1570!
JordanFreeman JordanFreeman USOIL, D, Short , 3 days ago
USOIL: An idea for Oil
31 0 5
USOIL, D Short
An idea for Oil
Based on what we see here.. we have a deep bearish crab pattern which is an indicator that after this consolidation we should be heading bearish. The stochastic is showing bearish signals so I expect that price will drop because we are loosing pricing power. 42.53 alert. 35.53 alert. S/L is 28.86.
TerryHarmonicTrading TerryHarmonicTrading SPX, W, Long , 7 days ago
SPX: S&P Index - Remain bullish, buy on retracement
174 2 15
SPX, W Long
S&P Index - Remain bullish, buy on retracement
Next up is the indices, I remain bullish on the S&P index. Do not chase the high, buy on retracement around 2274 with targets up at 2350. (Linked to my previous post on a bearish crab pattern on S&P) SL will go just below previous low. EP: 2185 SL: 2075 (110) TP: 2350 (165)
EverythingForex EverythingForex PRO USDJPY, 240, 18 days ago
USDJPY: QUICK UPDATE: USDJPY - Potential Patterns Unfulfilled. Now What?
780 0 21
QUICK UPDATE: USDJPY - Potential Patterns Unfulfilled. Now What?
So the last time I discussed about USDJPY, me and my members were in a SHORT trade on this pair since Dec. 19th and looking for this to head lower to possibly fill out a Bat and a Crab patterns. Well, it hasn't worked out that way and now I don't see those 2 patterns being filled. Nobody said any patterns MUST fill ...
wayusa wayusa PRO CLG2017, 120, 24 days ago
CLG2017: Getting ready for wave C of Crude Oil consolidation
244 4 10
CLG2017, 120
Getting ready for wave C of Crude Oil consolidation
Wave count suggest NYMEX:CLG2017 is consolidating within 50.5 - 55.5 range in wave IV. We might see a little push up to 54.8 tomorrow. Invalidation level for this trade is 53.18 level. We might see a 53.4, during asian or european session, but I don't think we will go down further. As Crude will complete a ...
TerryHarmonicTrading TerryHarmonicTrading SPX, W, a month ago
SPX: SPX - Bullish until 2350
176 4 8
SPX - Bullish until 2350
Hey guys, this is rare and something I have yet to see before in my 10 years of studying the markets. Usually, the USD strengthens and the stock market drops. This is the only time where I see the stock market go up together with the USD. I am hoping the bullishness in the stock market will be short lived, I ...
BoonHooi BoonHooi AUDNZD, 30, Long , 4 days ago
AUDNZD: AUDNZD Gartley & Crab buy
130 1 4
AUDNZD, 30 Long
AUDNZD Gartley & Crab buy
Completed a bullish Gartley and Crab pattern. RSI just bounced off the oversold region Breaking above the resistance trendline would be key
oguzhanatman oguzhanatman USOIL, 60, Short , 5 days ago
USOIL: USOIL-Crab Pattern/Divergence
86 0 3
USOIL, 60 Short
USOIL-Crab Pattern/Divergence
There is a big target ahead. If the price range of 53-54 is broken, it may be possible to reach the range of 56-57. Let's wait for the price to reach the D point.
Trading_Jazz Trading_Jazz PRO GBPAUD, 30, Long , 13 days ago
GBPAUD: (30m) The Crustacean at 161
348 0 8
GBPAUD, 30 Long
(30m) The Crustacean at 161
FX:GBPAUD Safe Trades;
mariovitor mariovitor USDJPY, W, Short , 13 days ago
114 1 4
description at chart
Fxprotrader Fxprotrader XAGUSD, 240, Short , 16 days ago
XAGUSD: Silver Deep Crab Pattern Completion at Key Resistance
397 6 17
XAGUSD, 240 Short
Silver Deep Crab Pattern Completion at Key Resistance
Price has climbed and reached a slide parallel of an active upsloping pitchfork, which previously has acted as support. At this resistance level we have the completion of a bearish deep crab pattern. Sl and tp as shown at the chart.
Fxprotrader Fxprotrader GBPUSD, 60, Short , 22 days ago
GBPUSD: GBPUSD Bearish Crab Pattern Completion
518 1 20
GBPUSD, 60 Short
GBPUSD Bearish Crab Pattern Completion
Price has rallied and reached a slide parallel of the downsloping median line, where we have the completion of a bearish crab pattern. Sl and tp as shown at the chart. If price reaches the first tp, we move sl at breakeven to the 2nd one
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