Rising WedgeBoth lines sloping up and narrowing at the apex.
Bearish but not valid until bottom line is broken.
Bearish Harami today that needs confirmation.
Short when support line is broken.
Price is above the .236 of the trend up.
Possible bearish crab that terminated above the 1.616 if the 4th leg is complete.
No recommendation.
The Crab is a reversal pattern that allows you to enter the market at extreme highs or lows.
The Crab is similar to the Butterfly, but while the Butterfly pattern ends at a point that represents a 127% Fibonacci extension of the initial X-A leg, the Crab ends at a point that represents an even deeper 161.8% Fibonacci extension of the X-A leg.
There are bearish Crabs (crooked W) and bullish Crabs (crooked M)