The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
Disclaimer.. Not invested, tracking the fundamentals,
not an investing/trading recommmendation
Updated previous idea...
https://in.tradingview.com/chart/CDSL/wjvq8fme-A-POTENTIAL-STEADY-FUTURE-COMPOUNDING-GIANT-IN-TROUBLE-CDSL/
Colpal Crab Pattern
Wait for Weekly Candle close to close below 1217-1218
T1 - 1180
T2 - 1149
T3 - 1117
T4 - 1073
Before executing trade Beware that SL is 5.6%
so you have been warned in Advance about the Loss you will face
Note - Pardon me - Only Non Vegetarians are allowed to see the stuff - Just kidding- It is just a piece of analysis.
Plan to buy the oily crab, can be good for health for 295 -297 zone as it is highly negotiated price zone - if you get it could be awesome just remember -prices should not dip below 290's as precaution.
Trading Strategy
Plan 1
Buy in the zone 295 ...
Bullish Crab pattern is developing at the lower trend line of the parallel Channel. It is showing strength as 3LR bar is formed. RSI is also coming back from oversold zone. All these suggests a trade with good probability of target
Entry 128
SL 122
Target 146
RR Ratio 3
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy ...
I could be very wrong... but this is a possibility.
Please note that this analysis only addresses Price and not Time. I don't know when these levels will happen but I do think they will happen. Nifty could drop to about 100000 before rising to 12000+
The fact is that fundamentally our economy is getting into deep trouble with crude rising, the Iran issue (India ...
So Crab Pattern is Taking Shape !!
and Potential Reversal Zone is Already a Strong Resistance Zone
So Lets Wait !
IF and ONLY it Take a Shape.. Test PRZ top Line
Hit the Sell Button !!
wish you Luck !!
Stop Loss
and 1st Target and 2nd Target is on Chart.
n I have Already Shown a Resistance Zone
Happy Hunting ;)
FX:AUDUSD
Disclaimer... this is an idea, a potential pattenr formation and the possibilities according the the criteria requiredhas been mentioned in the chart
not an investing/trading recommendation
Treat Them Well Please with Short Position
Target and Stop Loss Both are Chart !!
Perfect AB=CD Pattern with 0.618 Retracement !
I can't believe if it fails
Happy Hunting !!
I will soon do a complete fundamental analysis on CDSL on valuepicker and post the link to my thread here in the updates..
interested investors can track that or further charts in future which will be intermixed with fundamental analysis..
Here there is a potential extension harmonic pattern in formation- the bullish crab pattern, which is a very accurate and ...
Deep Bullish Crab from 325 -330 zone for upside targets 405 -485 & Higher Targets of 500+
Enjoy & Do comment on the post, Can Petro fuel the market - It won't be a surprise for me to look for a new high in Nifty Index above 11171.
Selling Nifty Highs @11105 to 9950 was an amazing downside journey.
Turning exactly from 10975-10980 for 11070 & later 11105 was ...
ANDREW PITCHFORK+BULLISH REVERSE DIVERGENCE+BEAR CRAB+BULL CYPHER IN FORMATION
1.Andrew pitchfork- reflection from the median line and heading back to the outer red line
2.A bearish Crab leading to the formation of a bullish cypher which is to be completed when the price touches the outer median line of the pitcfork. The cypher also completes at the 0.618AX of ...
Prediction of prediction..
Just an attempt to find the higher highs to short/sell..
The B point must be formd first with reversal, breach of which invalidates the structure..
The current B point is highly expected as that is a support level, according to traditional pivot support system
Disclaimer, this is not an investing/trading advice..
The over all bearish trend still prevails...
The B point reversal will test the validity of the analysis, in breach of which will become invalid..
I am expecting the back outline Bullish Deep crab to take effect, as there is a support at that predicted B point...
The plan is to short as high as possible and keep averaging, to ride the CD down ...
I have significant doubts about the bigger bear gartley to be valid or not,
Yet all the structures leds to the same PRZ and the same Take profit target...
Disclaimer.. not a trading/investing advice...
