Advanced Patterns - Crab (by Scott Carney)
"The Harmonic Pattern CRAB is yet another discovery by Scott Carney and is identified by its long stretching swing points. In the crab pattern the PRZ level at swing/pivot point D is overstretched and shoots beyond the initial swing/pivot point of X. This is the main key difference between other harmonic patterns. The crab pattern, while easy to identify requires a bit of skill in trading the patterns."
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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