BTC/USD has completed the bearish crab pattern. As per the rules of the crab pattern, the trend of BTC/USD started to fall because it's a bearish crab. But it's suggested to sell near the D point. It will fall up to the targets 12972.35 - 12087.10 - 11465.31 . But as it's crab pattern, there is a possibility of a pullback. If it starts to rise, DO NOT SELL .
Howdy Traders ,
Exactly 61.8% retracement of XA leg which required for two pattern - 1 Gartley and, 2. Crab.
For the Gartley pattern, The price should respect of X but here price already fallen 1.13 which is not suit for Garley .
There are two possibility as per following:
1) The price will not break recent low or 1.618 AB = CD.
2) For the Crab, pattern...
The "B" mid-point is at 61.8% of XA leg.
(Alternate Bat required exact 38.2% B retracement)
For the Crab pattern or Gartley, the "B" can be 61.8% but D must me equal or more than 2 AB = CD.
By the looking on the chart, we have 2 best entry point to enter long side.
Bearish Crab pattern seen in HDFC Bank.
This is not a very perfect pattern (looking at BD ratio).
We have considered this because of the RSI divergence along with harmonic pattern.
This is a Weak Signal + Strong Context signal.
We are expecting a 176 Rs. fall in next 15 odd days, and we will be keeping stop loss at 1260.
Views only for educational purposes....
Asian Paints entering PRZ for bearish deep crab. People who are holding cash positions can either exit or hedge. We have hedged our positions with November series PE. I'll avoid trading short here till a conviction is reached as the stock has climbed upwards with a very strong momentum. Very experienced traders might like to try with a naked PE. Trade only post...
Bullish Deep Carb Harmonic pattern
Since the time of previously shared Idea, the pattern has transitioned from Butterfly to Deep Crab pattern with a nice 3.618 BC projection, during the opening session. Targets are around 3 to 6 % of the current levels.
Educational. Trade with discretion.
HDFC is currently in wave 5 and can start corrective move from 1245/1265/1305.
Rule Wave 1 & 4 don't overlap is passed
Wave 3 > Wave 1
Wave 5 can get extended, but probable reversal points per fib levels mentioned on chart.
Wave 4 and 5 also seem like a Bearish Harmonic Deep Crab pattern. CD leg can extend till maximum of 3.618
Further details in Chart!!
Bullish Bat pattern forming on 2H Chart of ASIAN PAINTS. BUY 1965, SL 1949.9, Target(s) - 1977, 1982.
Bearish Deep Crab pattern forming on 2H Chart of ASIAN PAINTS. SELL 2100, SL 2115.1 , Target(s) - 2086, 2080.