Crab > AB=CD > Long @ 76.30 (500 PIP T1)

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The key characteristics used to identify the Harmonic Crab pattern are as follows::

AB leg can retrace anywhere between 38.2% - 61.8%
BC can retrace 38.2% – 88.6% of AB leg
CD is an extension of up to 161.8% of XA leg and is also an extension of 224% – 316% of the BC leg
After the crab pattern is established, traders can take their positions at or from point D (at the high or at the low of the price bar at D) targeting 61.8% and 127.2% of CD leg.

Feragatname

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