InsiderB
Short

Nifty : Bearish Crab Pattern - Risky setup

NSE:NIFTY   Nifty 50 Index
Hi Guys,

Trading sharks n crabs are the most risky patterns bcos its not like other patterns where we can expect a support/resistance around D completion. Crabs will always have their D legs extended way beyond to 1.618 and sometime continues their move upto 2.24 extension levels. So if you really ok with the risk enter the trade with proper stops, Crabs are as much as rewardable though it has high risk. Better I suggest to wait for an hour or later after market opening to get bearish confirmation in Nifty before entering the crab setup

Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!

Comments

Good Idea.,
+1 Reply
InsiderB AMBRISH
Good to see you back, after longtime Ambrish :)
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AMBRISH InsiderB
Internet problem since May ,
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InsiderB AMBRISH
oh ok...Have a good day !
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Back to 8577
+1 Reply
InsiderB ASKSANTHOSHPM
Only if Market reverses.. GST inching very close to reality.. so its like cat on wall !
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