Bearish Crab into Supply 1-5 r-r Move to BE @ 1:1, take some off at 1:2, let the rest run
Four out of five days the price for the Fiber advanced last week, for a total of 250 pips, printing a higher high in a string of consecutive higher highs and higher lows since it came off its low over a month ago. Ever since the FED went data dependent, there is a lot of volatility in this pair around the release of US data items. The bearish sentiment on the...
The market is about to complete a crab pattern, upon completion in the potential reversal zone, the market should retrace back to the 1.618 fib of the BC leg. please like and comment and don,t forget to follow me. Good trading !
I see the market in consolidation between $.74 and $.78. It appears that there is a crab pattern forming with a potential reversal zone at the .72225. Upon completion of this pattern the market should rally to the 2.618 extension, or the nearest structure support which appears to be around the .79000. My stop loss is placed at 100 pips below the potential reversal...
This flag shaped consolidation lead me to look for patterns, after finding an initial bat pattern that didn't fulfill, I started to Look for a new pattern , I believe that if the market continues to consolidate in the flag shape, then it will create a completed Gartley pattern. upon completion of the Gartley pattern , I will short the market roughly around...
One of the highlights of last week was the UK general election . The cable remained remarkably resilient and even rallied over 200 pips prior to the elections, as a result of the dollar weakening and the UK services pmi coming in better than expected. On the day of the elections itself, it dropped almost 100 pips, due to the uncertainty of there potentially...
I just found this nice Crab pattern about to complete at the 161.8 extension and 2.24 extension confluence level at 0.7399, so I'll get in because it is as well placed exactly at a very strong support level, so is a good opportunity for a major turn of price. Let's see what happens with this one, good luck!
UPDATE: Both Targets achieved :) Hello Traders, We've got a bearish crab pattern completion at previous structure, looking left. Since the market looks pretty bullish for now, this setup could turn out to be invalid. Having said that, there are really good resistance levels that the market needs to break before hitting our stop loss. Looking for bearish price...
A Bearish Deep Crap Could be in spe. BUT so far highly speculative. Conditions: A flush tomorrow for the 88,6 retrace of the X to A-leg (2082 handle) no more no less. This could suck in bears and create a bear trap. It has to be the 88.6 retrace... (A must) Then we have to see a hard reversal for creating a short squeeze that could propel the D leg up for a...
For ease of viewing I am going to include the other possible valid count below. However, currently I am favoring the above count. The reasons why will be listed below. Note that both of these counts are overwhelmingly bearish on a higher timeframe. Any bullishness is going to be quickly and violently stomped out. Being long at this point is very risky, and being...
are my Straight forward - Crabs and Bats are my favorite patterns - Crab usually represent the end of a 3rd or fifth wave.
EDIT 2: This chart was the obvious winner... Wave 2 are rarely triangles. This is the alternate count that I am currently favoring over the last chart I published (). Looking at the 3H and above there is a pretty big bullish divergence all the way up to the 12H. My original thinking, that I published in my other chart, was that since wave v (on the current...
Potential harmonic pattern(s) to play out for completion of the CD leg. Potential gartley and crab patterns with ideal CD targets as indicated on chart. Just sketching out some ideas.
Potential harmonic pattern(s) to play out for completion of the CD leg. Potential gartley and crab patterns with ideal CD targets as indicated on chart. Just sketching out some ideas.
Will presumably grind nice and slow to target. Making a wave 4 now and 5th wave will bring us to the target Have already made a higher high so no overhead resistance Looks like a 2 day trade. Notations on chart Safe trading ladies and gents @BLawrenceM
The $SPY, $QQQ and $IWM are part of this week's Weekly Markets Analysis newsletters. All of them showed strength last week and all of them has bearish patterns towards the open of this trading week. Today could be an important day in the $SPY, $QQQ and $IWM Don't miss out the analyses: Check out the complete analysis on this week's newsletters -...
Out of the 3 indexes ETFs I cover in this week's Weekly Markets Analysis, $IWM is definitely the strongest. The ETF bounced from the support zone mentioned last week and rallied back into the broken trading channel. Near 125-126 it will meet the top of its trading channel and the PRZ of a bearish Crab Read more about this trading scenario and more in this...
We have a completed Crab pattern. Looking at how price action reacted at the completion level, we do see a decent rejection. While the uptrend is still very much intact, should you decide to take this trade, it would be considered as a counter trend trade, with stops just above the recent highs and target around the previous structure level at 1.2655. I would...