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 is 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 lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may 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 on a chart.
The pair just completed rectangle consolidation and fall in continuation as touch 50 MA, it is possible to take advantage of this as shown in the chart.
Also you can See Bullish crab "not perfect but trade-able", it is swing trade and expected to rise to the selected areas.
trade with care and %, cheers.
we are finishing a Bearish Bat with extrem indicators, the PRZ could go to 2.979 but there is a deep crab point c at this level, so this could help to a bearish trend
I've been HODLing the whole way down, but the bullish bat on PIVX's binance chart was technically invalidated almost 24 hours ago. Still HODLing for dear life...
I'll follow up with a better chart including targets beyond points A, B, and C in the future if this one plays out well.
A strong bearish move, if market break below and close below Dleg, trade may be invalid.
Waiting for confirmation to long for this trade. All will be clear at 4pm(+8GMT)
On the 4hr GBPUSD chart we see a bullish crab has formed. The D leg has drastically stretched. Look for bullish evidence before taking this trade. I expect the pound to recover and gain strength. All the best mates
Hey there,
I went long on BTC yesterday and now we might have 3 harmonic patterns at play.
Which one or does one will go through we don't know yet.
All the Best from the Crypto Space
Alteroc
I don't see any reverse yet, We need a HH(higher high) and a HL(higher low). But don't have that yet! Instead, we have a Bearish Crab. There are 2 scenarios for BTC.
1) It will down to 6700-6800, then bounce. . It is more realistic. Cs I think the support line (purple) and 0.382 fib will hold that.
2) It will down more (to 5250-5400), then bounce.
Note: That ...
Because the price didn't respect the formation of the Cypher and Gartley patterns a new pattern is being configured, from which we had a first reaction of the price to its support area, we will only wait for the deceleration of its speed and the retest of the price reversal zone
Our other process is about to reach its goal.
Potential Formation Deep crab 3.618 after than HH+HC and Long Time..
We do not open the transaction until the formation is complete ! ! !
Bullish Bat in green and Bullish Crab in blue (the bull is the bounce!) Interestingly, the Crab matches the long term trendline - broken previously, running from November through the February low.
The pink ABCD pattern takes us back to a possible trendline (2 points unconfirmed as yet).
Remember these patterns need to show a firm bounce from the pivot point to ...
NZDJPY / H1 / FACING STRONG RESISTANCE AT 0.618 ZONE
And there is a Rising Wedge
After breaking the wedge , NZDJPY will
remain the previous downtrend and is good for a short.
As we suggested earlier, the NZD/JPY pair has made a long term breakout from the descending triangle pattern in its weekly chart.
We expect the pair to retest its broken support.
Also the pair has formed a bullish crab pattern in the 4-hour chart and is finding support at the price zone of 72.400.
Hence we expect the pair to bullish move for the short term but ...
After a few months of growing strength it appears that DXY may be preparing to slow down as it retests structure once again. A bearish crab pattern has began to form with lovely confluence, and a tight potential reversal zone centered around 97.87. Target 1 94.44 (.382 retracement) and Target 2 at 92.32 (.618 retracement). This movement could also help provide ...
As i expected, the expected line was supported. if you not see, check previous briefing. (https://kr.tradingview.com/chart/BTCUSD/Ysvpy1N9/)
It is going up now, but...
If you are busy, you can just read below briefly
'1. Briefing '
'4. Etc_lots of resistances'
'5. Summary and Strategy'
before read, click '+Thumb up, +Follow' :-)
1. Briefing
# Piercing ...
![BTCUSD: [Red Apple] "Bullish?? Not yet. "_BTC/USD_18.08.10](https://s3.tradingview.com/q/QpylkxfV_mid.webp "[Red Apple] \"Bullish?? Not yet. \"_BTC/USD_18.08.10")