A bullish crab pattern completes within the range of an ABCD pattern on the daily chart. It does show candle reversal, a retest of the previous low can sweeten the deal in consideration of engaged this trade as a countertrend trade. It may interest you that this is also a demand zone of the monthly chart.
A bullish engulfing candle closes it shows the first sign of potential reversal towards the upside setting a countertrend trade opportunity. The beauty of this setup is the ABCD pattern completes within the range of the bullish crab pattern. Traders can consider waiting for a retest of previous low for a better Reward: Risk as a trading opportunity.
ICX has Bullish Harmonic Bat Pattern , let's see what will happen
EURUSD has moved into the immediate support on the weekly chart and has both a Bearish Crab and ABCD pattern as a counter-trend trading opportunity. Although 1.0825 is the demand zone of the weekly chart(8 May 2017), I would still need candle confirmation before I can engage this trade.
Waiting for the D point completion of the bullish crab pattern for a counter-trend trade setup. At this level, it is also the candlewick of the weekly chart, it does bring focus to my attention. Even though a candle confirmation is important before I look for engagement of this trade setup.
RBA based retracement is blocked by Coronavirus and upbeat U.S Job Reports. Rounded Top and Potential Crab as described on the chart. Have a nice weekend!
A bullish crab setup that seems to have 3bar reversal might be a great setup for a countertrend trading opportunity. Having RSI at the extreme and hook back is an advantage to this setup
A multiple completion at a similar range. Bullish Gartley and Bullish Deep Crab on the 4-hourly timeframe and bullish Shark on the 1-hourly timeframe. What will be your trade plan? I have modified both stops and targets if you are interested to know, then you have to join our community. Check out (3)
On the daily chart and the 4-hourly chart, it is a bearish setup and this timeframe it is a bearish setup. EURJPY now present a counter-trend trading opportunity below the PEZ. Yes, it is still valid for this instance as long as it doesn't break and close below the blue box I've plotted. It all depends on how the market open and if the reversal occur, if it...
On the daily chart and 4-hourly chart, it is a bullish trend. So if you plan for a buying opportunity, yes, you are trend trading. Having the bullish Gartley(yellow) and bullish Crab(red) that encourage the market to fly and I've took profit. Right now I'm waiting for a retest at the support within the overlapped blue box zone for a type2 trade. A break and...
A bullish crab pattern with arrow confirmation setup for a trading opportunity as the overall trend on the 1-hourly and 4-hourly shows a rather bearish and selling opportunity, I will be taking conservative targets for this trade setup.
A bullish crab setup, deeper than a bat pattern that I was waiting for, a checkback has happened and made this a valid trade to consider to engage. Trade engaged as a trend reversal on a larger timeframe - daily chart.
Within the demand zone of this 'endless' ranging on GBPJPY has this beautify setup of the bullish butterfly(cyan) on the 4-hourly chart and a bullish crab(red) BC leg of the bullish butterfly appears on the 1-hourly chart. I will engage the trade based on the bullish butterfly entry and stops(with my filter). The interesting part of this setup is the set happens...
This pattern is developing, once complete price will begin to rally up Dont forget to like the post God bless
This pattern is complete and confirmed with divergence. RSI also starting to show higher highs Entry: 1.313 Target: 1.139 Stop: 1.310 Dont forget to like the post, and comment with your thoughts below! May God bless
It Seam like Harmonic Crab coming if it does not go up side of the line
A countertrend setup for this crab pattern has taken off. I will be waiting for a second chance entry to engage the trade.