O, watch out for that (deep) Crab

244
I believe that "O" may be in the process of forming a deep crab.
I actually have a smaller crab with its PRZ where price is now, looking
for a move down. Should it carry through, this will help start the development
of the CD leg of this larger Monthly Crab. The weekly chart will show a strong
Evening Star reversal pattern (in the PRZ of the weekly bearish Crab). Of course,
this will require follow through to confirm.

This monthly deep crab is not viable until at a minimum the B point is exceeded
on the downside. It does however, point to the potential of a nasty move down if
it does in fact reach the PRZ area.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.