- Mid point (B) - 0.618
The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone. In this case, we need confirmation to sell BTC from lower TF.
Reversal zone is not far away.
But, Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals.
2.618 AB=CD & D of XA(1.618) at 30253
The Crab Pattern:
- The extreme (2.618, 3.14, 3.618) projection of BC
- Note: AB=CD pattern within the Crab is the least important number in Reversal Zone.
- 0.886 retracement at the B point, unlike the regular version that utilizes a 0.382-0.618 at the mid-point.
