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The Crab Pattern
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| Bullish |
Bearish |
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| The Crab is a
Harmonic pattern discovered by Scott
Carney in 2000. This pattern is one of the most precise of all the
Harmonic patterns. The critical aspect of this pattern is the tight
Potential Reversal Zone created by the 1.618 of the XA leg and an
extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg. The
pattern requires a very small stop loss and usually provides an almost
exact reversal in the Potential Reversal Zone. |
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