DEEP CRAB SPOTTED

Mar 15, 2020
FISHING FOR CRABS!!!

Hello traders, this is one of my weekly pre-market ideas, a deep bullish crab pattern possibly developing awaiting the completion of our D point. Our B-C came within the 3% acceptable measurement for the .382 retracement.

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 development of this pattern. Crabs are usually the result of a failed bat pattern and they are my favorite pattern to trade. This is shared for educational purposes and should not be taken as a 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.