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InsiderB
Jul 29, 2016 2:48 AM

Nifty : Bearish Crab Pattern - Risky setup Short

Nifty 50 IndexNSE

Description

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