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.
QTUMBTC is just formatting the C and D leg of bullish crab, wait for buy untill the priceline enters the buying zone as defined on chart.
Regards,
Atif Akbar (Moon333)
USD/JPY is currently forming a bearish deep crab pattern on the 4h chart, providing a trading opportunity with a 1:2.6 risk to reward.
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.0 - 3.618
X to D: 1.618
Keep this on the watch list! Price has just confirmed the PRZ.
Thank you for your support everyone :)
After giving 58 percent proftit from 7 nov to 14 nov the QKC is facing a strong resistance at 0.00000960, much chances of drop from here.
Sofar it is following the CRAB harmonic pattern so if it will start falling from here then a strong sell off atleast till 0.00000107 is expected.
I would suggest to short the QKC from this position and take a long position ...
DAX - 1D - 5-0 and Crab pattern completion at 1.618 extension
Looking for quick bounce from this level for minimum retracement to 38.2% or next resistance level.
5-0 is generally results in continuation after the retracement.
IOTA always has been performing good and never disappointed, since a long period of time it is falling for the formation of crab's leg and now it is entered in buying zone and almost ready for being bullish insha Allah.
Regards,
Atif Akbar
#GNT Golem Crab Pattern in play after completing Bat Pattern.
Golem just gave point D of Bat pattern, which targets on short side are the purple small boxes and dashed lines. We did reached first targets, can't say if we will reach 2nd before reversal for it's original form - uptrend.
Once we reversal for uptrend we already have Crab pattern in play and should ...
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![KMDBTC: [KMD/BTC] POTENTIAL CRAB PATTERN FORMING - LONG](https://s3.tradingview.com/6/6zDrcRve_mid.webp "[KMD/BTC] POTENTIAL CRAB PATTERN FORMING - LONG")
