The euro continues its manipulative movements.
Technically speaking, there aren't many formations that match this strong momentum.
Basically, the ECB is currently not commenting on inflation and expansion.
The EURO will continue to strengthen as the DXY loses strength.
The estimated target before the BEAR market could be 1.225xx +
Pattern : Bearish Crab
Stock : NSE:KOTAKBANK
Time Frame : Weekly.
Always look for reversal patterns in rectangle box area which is a reversal zone and take trade basis on it.
Note : This chart is only for study and reference purpose.
Rising Wedge formation + false break at the 5th point.
This is in conjunction with a MACD Divergence.
On a 4 hour chart a shooting star reversal candle is present.
Short at 0.77017
Stop Loss at 0.7036
Take profit at support/resistance along the way.
This trade idea supports my larger active trade shorting the NZDUSD based on a harmonic pattern -...
A bearish Crab Harmonic pattern has formed on the kiwi-dollar.
We have a 0.618 point B (within 3% margin)
We have a Potential Reversal Zone (PRZ) of 1.618 XA & 3.14 BC at point D.
PRZ connects with resistance line (dotted).
On a 4H chart we see a MACD divergence.
Look for reversal candle to form to enter the trade.
Stop loss at 2.0...
After the first Crab and the upward wedge failed to confirm the trade, a slightly larger Crab appears ***Pokémon music intensifies***.
All previous ideas are listed below
So the idea is going short in the next few das for a couple of weeks probably.
We can enter the trade once we see any price action and/or indicators supporting going short.
Stop Loss and take...
A type2 Bearish Shark and Crab pattern may set up for a great shorting opportunity. The price I'm looking to engage in a range of 1.3322-1.3338. President Donald Trump earlier wants to have the vote-counting stop and want to bring this to the supreme court.
A head and shoulders pattern has already set up, if you are looking to short USDCAD, there are 2 approaches you may like to consider.
Wait for a break and close below the trendline for a shorting opportunity or a retest of the bearish crab and shark pattern for a shorting opportunity(link at the bottom).
The USDCAD on the 4-hourly chart has a bearish shark pattern as well as a bearish crab pattern on both 4-hourly and 1-hourly chart. If the 1hourly candle close at 16:00(+2UTC) or 22:00(+8GMT) is a long shadow candle, I will short USDCAD aggressively as 2 harmonic patterns turn at a major resistance area.
BTC/USD is forming a Bearish Crab and is nearing the Potential Reversal Zone (PRZ).
This is happening after the formation of the Bearish Gartley failed to reverse (see in Related Ideas).
Notice the tight levels of the 1.618 XA projection and the extreme 3.14 BC projection.
The Crab pattern is usually volatile in the PRZ so prices might reverse...
The formation of the bearish crab pattern and the divergence on the RSI are good reason for us to take a short opportunity on the USDCHF . The CD leg of the crab pattern is producing a rising wedge pattern, a breakout of the wedge is a good signal to go short. Now the Wedge brekout is a confirmation to go sort at any entry opportunity you can find and take first...
The formation of the bearish crab pattern and the divergence on the RSI are good reason for us to take a short opportunity on the USDCHF. The CD leg of the crab pattern is producing a rising wedge pattern, a breakout of the wedge is a good signal to go short.
The crab pattern formation means that the up trend has reached exhaustion and gives us an opportunity to go short. The lonk wigs in the price action signals exhaustion of the buyers in pushing the price up. let's await confirmation from at least the RSI, Stochastic for the MACD before entry.
As I'm going through my chart, I've spotted a unique long shadow candle on the 1hourly chart(left), not only the candle was long, it just touches the resistance level, you may plot your own chart to see the full story.
A pretty cool setup that the software and I both spotted on the 1-hourly chart(right), the harmonic patterns - bearish crab pattern with the...