Crab Pattern
In the zone
Started by
colion
, Feb 18 2011 02:16 PM
3 replies to this topic
#2
dasein
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#3
colion
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Posted 18 February 2011 - 03:46 PM
thanks - is there a target for that?
I use 2% around the center of the "price-time" zone of 1349 on 3/19. Beyond that it is back to the drawing board.
#4
colion
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Posted 16 March 2011 - 06:48 PM
The Crab pattern was highlighted below on 2/18 (arrow) and provided a low risk short entry. At this point, the move is 120 degrees (Square of Nine) from the 2/18 top and in the vicinity of “strong” Fibonacci levels. Most indicators are in the hole. A bounce from somewhere in this area would be consistent with these observations.
