Oil has rebounded off a crab pattern yesterday.
It is clearly on a downtrend, but in any downtrend, there can be small rebounds and opportunities for traders to join the trend.
Donald trump tweeted that oil will be lower in the coming months, but it does not mean there will not be small rebounds along the way.
If oil manage to rebound to 61 - 61.20, we will be ...
The price action has followed a bullish crab now the RSI is moving up after exhaustion, The price might move up from here. The targets are set as per current priceline but if the price
drops more then new targets should be set according to Fibonacci retracement according to new price action.
Best of luck and Regards,
Atif Akbar (Moon333)
I've been watching these couple patterns since DJI crossed above the PRZ of the bearish Gartley I'd been watching for months(so about a month). So far, they seem to be helping to weigh the price down. The most obvious targets based on the patterns outlined with yellow horizontal lines, and the green rectangle being the zone that I start considering buying and/or ...
hey traders price is succesfuly reached the short target. now i expect at least 0.33 resistance. if price break up that level we may see higher and higher but if rejected wait for 0.27 levels and this level is my bottom.
in this chart as you can see a completed and on the way crab pattern. 0.33 is the first target of that structure(0.382).at that level watch ...
Trading Bias: Short
Technical Strategy: Harmonic Crab + Daily Resistance Level
*Wait for price to reach sell zone. You may enter either at the completion of the crab or once we reach the sell zone look for a trigger on lower timeframe*
XLMBTC has formed a bearish crab pattern and likely to drop soon,the RSI is going for 3rd time in overbought zone. At this time only wick of candles touched the sell area which is defined in chart.
As per volume indicator the buyers are still active even on current candle but volume profile is showing that on upper area of candle the trader's interest is weak in ...
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.
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 :)
This pair broke over long term structure with nice candles (see the first and the second images bellow). So, what now? :)
On 4H image bellow we can see short term green support area for this structure and if we switch to 1H, we can chart completed bearish Bat pattern, from which the price is right now deciding what to do. It broke 0.382 CD level and almost ...
OCNBTC is not falling in very steep position therefore giving some greens during this drop but the its initial legs shows the price action is likely to follow the crab pattern and now completing the final leg C to D insha Allah. I have defined the long position zone and selling targets on chart.
Best of luck and regards,