It seems good trade setup, lets see.
you r welcom.yes i agrre.it can be a potential crab pattern and it reached the prz .but we should wait for a significant reversal signal.in some cases the pattern will fail.consider that no holy grail np 100% accurant!!
look if u want to reognize the pattern correctly the ratio must have good corealation.
take a look at the attached table in the link.this table is the most recent and accurant ratios for each pattern which a software(harmonic analyzer)uses for it's analsis.your's can not be a proper one.but your recognition is greate.
take a look at this link and the table and my description.from post#18
U r dead right.
But we can stick to our trading tactics.
We will enjoy this thread, again, thanK you for your help to understand patterns.
hi shahzad look at the probable crab pattern here
Lets see what happen with this one.
How you reach at profit target. I mostly don't follow the rule i.e. 618 of CD, nevertheless, i do 20 for 30 minute chart, 30 for an hr, and 50 for 4 hr, also consider other factor like key fib levels etc.
What should we do with all these patterns, are profit targets also, sometimes, based on patterns or else?
could you please tell me what is wrong with this pattern?.
and this last one, I really want to know if I am doing this right.
thank you very much.
well polo u did right
but for target u did agressively
the first probable target is 0.618 of CD
and the second one is 0.618 od AD
these are the most probable targets
anyway u did good.keep going man
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