SWISS CRAB POSSIBLY DEVELOPING

15 Mar 2020

FISHING FOR CRABS!!!

Hello traders, this is one of my weekly pre-market ideas, a deep bearish crab pattern possibly developing awaiting the completion of our D point. The measurements for the X-A-B-C-D met the requirements to validate the pattern if the market gives us the D point. We need to see a A-B retracement at least to the 0.382 for our C point before the D anticipation. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the development of this pattern.

Crabs are usually the result of a failed bat pattern and they are my favorite pattern to trade. This is shared for educational purposes and should not be taken as a signal.

Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don’t gamble.

16 Mar 2020

Not

We have our C point, let's see if we get a rally to the D point to complete this pattern.

16 Mar 2020

Not

Cypher pattern for a small correction?