Google has formed a Bearish Deep Crab at the macro 0.786 retrace with Double MACD Bearish Divergence and 2 Bearish PPO Confirmation Arrows. I think the PPO Oscillator will eventually break down and when this happens, we could see some accelerated downside in the price of Google, likely taking it back towards $100 or even lower.
This is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
We have a Bearish Deep Crab with a PPO Confirmation Arrow and a Circle with MACD Bearish Divergence and have broken below the faster moving EMAs. I would next expect this to make at least a 61.8% Retrace, which would take it back to about $185.
This makes the third major Dow 30 Stock that has signalled something ultra bearish like this; the other two being UNH...
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On daily time frame it has activated a Bearish Harmonic Deep Crab
The stock could see a pullback till 1025-975 as long as it is below 1080
A Bearish Deep Gartley is a great setup for trend traders to hop in on a shorting opportunity at 1.01285. What is important is waiting for the right pattern and candlestick confirmation before engaging in the trade.
There's a resistance level on the 4-hourly chart that provides a potential shorting opportunity and a Potential Deep Crab Pattern on the 1hourly...
The Bearish Deep Crab Pattern completes at 86.05 which is within the structure retest on the daily chart, a perfect setup for counter-trend traders to head in for a shorting opportunity.
USDJPY is on a strong Bullish Trend. However, counter-trend traders can wait for a retest at 139.11 to engage a shorting opportunity based on the Bearish Crab Pattern retest at the HOP level.
A retest at the HOP level also means I'll be getting a RSI Divergence.
EURUSD is on a Bearish Trend. If the market retest and reverses at 1.0595 show that the market could have a strong continuance of the bearish run. If the market extends to 1.0730 and consolidates, it shows potential of a Bearish Deep Crab Pattern. I will then wait for the retest at 1.0730 and make sure there is an RSI Divergence before engaging the trade.
I think we are on track to drawing down all the way to the 1.618 is this continues and i will be playing this move with the January 2022 Put Options around the 25 dollar strike price.
A Bearish Deep Crab pattern has touched the D-Point completion at 132.45. Counter Trend traders can consider engaging in the trade.
Conservative traders can wait for
1) Further consolidation and make sure it didn't break and close above 132.77 for a shorting opportunity.
2) Wait for consolidation to happen at 133.60 for a shorting opportunity as a second chance...
Bearish Deep Crab on the USDJPY H4 chart. If the candle closes below the red line which is also the HOP level of the Deep Crab Pattern. I will engage in an aggressive trade.
Let's see how the candle close at 1200(UTC+3) or 1700(GMT+8)
A Bearish Deep Crab Pattern is an extended setup and sometimes it doesn't give confidence for traders to look for a shorting opportunity.
However, if you look left, the completion of the Point D of the Deep Crab Pattern comes in line with the precious resistance left. May gain some confidence for the Harmonic Patterns Trader and it may encourage the...
Two weeks ago, we spoke about the Bullish Bat setup for a buying opportunity, at this moment the setup has brought a total of 238pip, which is equivalent to 2,380USD/lot traded. If you like to catch on the bull run, a retest on the trendline(blue) can create an opportunity for you to engage the trade. The immediate previous high can be your Target1.
Counter-Trend...
A while ago i uploaded a Monthly logscale Parallel Channel chart that showed that it reached the top. Today i am here to update the plotting of that channel and to provide a secondary more immediate view of price action on a lower Timeframe (The Daily) in the form of a rising wedge at the PCZ of a Bearish Deep Crab pattern as we're at the potential reversal point...
An RSI Divergence is born after the retest of the previous high give an opportunity for the risk-takers to engage the trade, there are 2 levels that traders need to observe, a break and close below of the red box and a break and close below of the black line for the safe passage towards the promised land(profit level).
Bearish Deep Crab has developed on the S&P500. The target is the 1.618 or $382. We will obviously be looking for a bearish div while price is heading towards the PCZ.
Compared to his siblings, NZDJPY, NZDUSD has a better setup. Both having bearish bat pattern o the daily chart, both having bearish engulfing with a pink arrow on the 1-hourly chart but only NZDUSD has a bearish deep crab setup. Pending Order place for his trade and let's see how this trade turns out.
