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Deep Crab

USDMXN (Harmonic Pattern's inside consolidation) -1h ChartBat Pattern confirmations: - A-B must touch 0.5, but cannot touch 0.618 - B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236 - D completion at 0.886 (Fibo X-A) - Take profits at 0.382 and 0.618 (Fibo A-D) - Third TP would be long term back to where it all started Deep Crab Pattern: - A-B leg can retrace anywhere between 0.382 up to 0.618 - B-C leg can retrace 0.382-0.886 of AB leg - C-D is an extension of up to 1.618 of XA leg - Take profits at 0.382 and 0.618 (Fibonacci D-C) - Third TP would be long term back to where it all started Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP would be back to where it all started Gartley Pattern - A-B must touch 0.618 but cannot touch 0.786 - B-C must touch 0.236 but cannot exceed A (on this case its at 0.382 unified gartley ) - D completion at 1.272 (Trend Extension) or 0.786 from normal measurement - First TP at 0.618 (Fibonacci from D-C) - Second TP at 0.382 (Fibonacci from D-C) - Third TP would be back to where it all started Total Pattern's: 2 Cypher 2 Bat 1 Unified Gartley 1 Deep Crab We can see several patterns been completed inside this consolidation respecting each fibonacci retracement, at this point its forming a Bat Pattern going bearish for its D completion at 0.786-0.886 area or it could turn into an Alternate Bat Pattern, which it would retrace towards 1.13 (retest at trend), after Bat confirmation I expect bullish impulse towwards -0.27 Good Trading. -1h Chart
by DanielParra99
EURAUD (Deep Crab Pattern) -4h ChartConfirmations for Deep Crab Pattern: A-B leg can retrace anywhere between 0.382 up to 0.618 B-C leg can retrace 0.382-0.886 of AB leg C-D is an extension of up to 1.618 of XA leg Take profits at 0.382 and 0.618 (Fibonacci D-C). We can see there's a Double Top for higher high confirmation and bearish initiation, which MACD shows divergence as it doesn't have a double top inside the indicator, at this point I expect price to be bearish with a good risk/reward trade. Good Trading. -4h Chart
Short
by DanielParra99
XAUUSD (GOLD) Deep Bullish CRAB Pattern Complete !The Deep Bullish Crab pattern is complete on the daily chart of this asset. Harmonic patterns are difficult to spot and when they do form particularly on the long term time frame they are of high probability and quality patterns. This is just my analysis for you to see and make the decision based on your personal analysis! It is by no means a trade signal as i am a very cautious trader and i base my trade on multiple confluence factors rather than single. For those of you who wish to trade this pattern the target level are shown by the arrows (TP1 38.2 FIB LEVEL AND TP2 61.8 FIB RATIO). SL CAN BE PLACED at 1120.00 level. I stress again this is not a trade signal its just an analysis and if you do wish to enter please enter at your own risk. i have just put this completed pattern here as they are very hard to spot and as a trading community we are here to help each other out, so trade cautiously! Cheers
FX_IDC:XAUUSDLong
by FX618Analysis
EUR/USD - Two Potential Setups (Gartley and Deep Crab)Quick post ahead of market open, I'm looking at EUR/USD on the 1h chart with a bearish gartley and bearish deep crab pattern. The first formation we will need to assess in real-time upon completion is the bearish gartley, we need to determine if the reversal will take place @ 1.17800 or 1.18415. I will be focusing on the 15m and 4h chart to back up my analysis and optimise entries. As always I will keep you posted on the patterns progress and if the trade is executed! I'm still short on EUR/JPY. You guys know how it goes... Like, comment and share ;) have a good week!
Short
by LewisGlasgow
38
Bitcoin: The tale of the two harmonicsThe orange harmonic is a "Deep Crab" and the aqua harmonic is a "Shark" - One of these patterns will invalidate the other Price action must not close below (if advancing to the Deep Crabs ratios) below the PRZ or there is a high probability it will continue to the next, the same applies vice versa if it is advancing to the aqua Sharks ratios, price action must not close above the PRZ or there is a high probability it will continue to the next one. Always consult with the R:R of the position before entering to see if the risk:reward is right for you. (You should always aim for 1:2+ R:R and the reason for this is even with a 33% W/R you can still be profitable aiming for 1:2+ R:R positions, if you have a 25% W/R, 1:3+ R:R positions and you will be profitable in the long run - Obviously if you have a higher W/R and still continue to look for and aim to exit at a minimum 1:2+ R:R the returns will speak for themselves) Stops should be placed accordingly below the PRZs if trading based on these structures; Riskier traders can start entering here, while safer traders can wait for other signals such as chart patterns, candlestick formations, or divergences. (Be aware that the market structure is leaning toward bearish at this point because has made a New Structure Low, however it could easily reverse and begin to make New Structure Highs)
BITMEX:BTCUSD.P
by Godly
24
GBPJPY, 1H, Bat and Deep CrabGBPJPY has just landed both a near to perfect Bat pattern as well as a Deep Crab pattern - both completing at the same levels. Right now we are watching at a first reaction from the PRZ, that I´m personally not involved with, but will probably see a retest of the complete zone before we hopefully get another (Type 2) reaction. We have no clear trend so standard targets is recommended once involved in this trade. Depending on wich pattern your plan let you trade you can have the SL tighter (using the Deep Crab as descission point).
Long
by Henrik-SMCTrading