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The Crab is another harmonic pattern that is derived from the Gartley pattern. The special thing about it is the long XA and CD swings. Point D is far away and lies beyond the starting point X. This is what differentiates the Crab from other harmonic patterns.
Here are the key parameters of a Crab pattern:
- Point B is at the 38.2-61.8% retracement of XA.
- Point C can be at the 38.2%-88.6% retracement of AB.
- Point D can be found at the 224%-316% extension of AB or at the 161.8% extension of XA. The closer D is to the 161.8% extension of X, the stronger is the signal of this pattern.
How to trade crab pattern
- The entry is at point D. Always wait for the market to reverse from CD before opening your trade.
- Take Profit may be at 61.8% of CD (TP1), and 127.2% of CD (TP2).
- Put a Stop Loss in line with your rules of risk management.
Let's see how a Crab pattern may look on the chart. Point B is at the 61.8% retracement of XA. Point D is near the 161.8% extension of the XA.
2022-05-17 • Updated
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