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    Thread: Understanding patterns Part 2 of 6 : The CRAB

    1. #1 Collapse Post
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      Default Understanding patterns Part 2 of 6 : The CRAB

      Hey friends,i am updating my 2 nd part of learning for myself.

      Crab strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Crab pattern needs to fulfill the following three Fibonacci rules:

      AB= retrace between 0.382 – 0.618 Fibonacci Retracement of XA leg;
      BC= minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg;
      CD= target between 2.24 – 3.618 Fibonacci of AB leg or an ideal target of 1.618 of XA leg. The Crab pattern shares some similarities with the Butterfly Pattern.

      Name: Screenshot_20200621-161427_DuckDuckGo.jpg Views: 16 Size: 52.4 KB

      The above one is bullish Crab pattern, start from D point.
      Name: Screenshot_20200621-161508_DuckDuckGo.jpg Views: 17 Size: 54.9 KB

      The above one is bearish crab pattern start from D point.

      The Crab is an extreme harmonic pattern which means price action will typically be volatile and be extreme.

      In a bullish Crab typically the highest number in the harmonics support zone is going to be the alternate ABCD component that is either 1.24 or 1.618AB=CD.
      Name: Screenshot_20200621-162016_Gallery.jpg Views: 17 Size: 373.8 KB

      However, i will add live trading opportunities with the post with time
      .


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      Default

      Quote Originally Posted by Sayemme     
      Hey friends,i am updating my 2 nd part of learning for myself.

      Crab strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Crab pattern needs to fulfill the following three Fibonacci rules:

      AB= retrace between 0.382 – 0.618 Fibonacci Retracement of XA leg;
      BC= minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg;
      CD= target between 2.24 – 3.618 Fibonacci of AB leg or an ideal target of 1.618 of XA leg. The Crab pattern shares some similarities with the Butterfly Pattern.

      Attachment 213044

      The above one is bullish Crab pattern, start from D point.
      Attachment 213045

      The above one is bearish crab pattern start from D point.

      The Crab is an extreme harmonic pattern which means price action will typically be volatile and be extreme.

      In a bullish Crab typically the highest number in the harmonics support zone is going to be the alternate ABCD component that is either 1.24 or 1.618AB=CD.
      Attachment 213046

      However, i will add live trading opportunities with the post with time
      .
      Name: Screenshot_20200621-163248_MetaTrader 4.jpg Views: 13 Size: 343.4 KB

      Here on the Aud versus Usd chart you could see forming a crab pattern on the hour four chart.B point the main fact is matching with crab within 61.8% of XA.

      Besides as CD is forming,D point should be 161.8% around of XA and we could take the selling opportunity here.I will try to show more live examples over time.As we are learning on our ownor only formyself.

      One day it could prove me valuable.


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      Default

      Quote Originally Posted by Sayemme     
      Hey friends,i am updating my 2 nd part of learning for myself.

      Crab strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Crab pattern needs to fulfill the following three Fibonacci rules:

      AB= retrace between 0.382 – 0.618 Fibonacci Retracement of XA leg;
      BC= minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg;
      CD= target between 2.24 – 3.618 Fibonacci of AB leg or an ideal target of 1.618 of XA leg. The Crab pattern shares some similarities with the Butterfly Pattern.

      Attachment 213044

      The above one is bullish Crab pattern, start from D point.
      Attachment 213045

      The above one is bearish crab pattern start from D point.

      The Crab is an extreme harmonic pattern which means price action will typically be volatile and be extreme.

      In a bullish Crab typically the highest number in the harmonics support zone is going to be the alternate ABCD component that is either 1.24 or 1.618AB=CD.
      Attachment 213046

      However, i will add live trading opportunities with the post with time
      .
      It is very important for us to check all the pairs which are inside the market and different patterns are being made inside the market, if we have knowledge related to them, then we can open the trade easily. You guys will also try to check such piers and all the patterns that are being made inside the market, as much as you people will have a good nodli related to them, the more it will become very easy for you to work.


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