the detail is shown in the above Chart.
I made this Idea based on Harmonic pattern using Fibonacci tools.
The Crab pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D.
Key elements of the Crab pattern:
The pattern can display rapid price action movement, and that often results in fast reversals at the PRZ.
I made this Idea based on Harmonic pattern using Fibonacci tools.
The Crab pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D.
Key elements of the Crab pattern:
- B point that is a 0.618 retracement of XA or less
extreme BC projection that is typically a 2.618, 3.14, or 3.618
alternate 1.27 or 1.618 AB=CD pattern required
1.618 XA projection as the defining limit with the structure
C point with range between 0.382 and 0.886.
The pattern can display rapid price action movement, and that often results in fast reversals at the PRZ.
交易结束：到达目标
Fibonacci ratios are one of the most powerful and easiest trading tools in your investor’s toolbox. It provides excellent guidance for when a trend will end and reverse course.
GOOD LUCK.
SEYED.
GOOD LUCK.
SEYED.