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Amit_Ghosh
Apr 10, 2017 8:46 PM

TVS Motors - Bearish crab 做空

TVS MOTOR CONSE

描述

It's Scott Carney's Harmonic Pattern CRAB.

After identifying the crab pattern, a short position is taken at the low of the price at swing/pivot point D with stops at the high. The targets are 61.8% and 127.2% of the CD leg, which price manages to reach.

评论

Unlike other harmonic patterns, the crab pattern when formed can be very volatile. There are no fixed stop loss levels and therefore a bit of subjectivity is required. Traders usually wait for a high and a low to be formed before placing their stops at or above/below these reversal levels.
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