FISHING FOR CRABS!
Hello traders, this is one of my weekly pre-market ideas, a bearish crab reversal pattern possibly developing awaiting the completion of the 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. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the pattern. This is shared for educational purposes, not a trade 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.
Hello traders, this is one of my weekly pre-market ideas, a bearish crab reversal pattern possibly developing awaiting the completion of the 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. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the pattern. This is shared for educational purposes, not a trade 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.
