The key characteristics used to identify the Harmonic Crab pattern are as follows::
AB leg can retrace anywhere between 38.2% up to 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 AB 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.
Within the ABCD patterns, there are 3 types as mentioned below.
Price and Time: Under this type of ABCD pattern the amount of distance and the time it takes for price to travel from A to B is equal to the time and distance from C to D Classic ABCD: In this pattern, the BC is a retracement of 61.8% – 78.6% of AB, with CD being the extension leg of 127.2% to 161.8% (equal in price distance) ABCD extension: CD leg is an extension of AB between 127.2% – 161.8%
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.