Please kindly be informed that this is not Butterfly, Gartley, Bat Patterns although it looks similar. The Crab is a Harmonic pattern discovered by Scott Carney in 2000. It is one of the most precise of all the Harmonic patterns. Check out this study summary, it was conducted on 15+M timeframe and include both bullish and bearish patterns. The
Harmonic Chart Pattern Crab is the only one which has over 93% of accuracy which is really great, thing is you need to pay attention to its Fibonacci ratios to distinguish it with other Harmony Chart 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.
Crab Ratios
|
0.382/0.382/1.618
|
0.382/0.382/2.000
|
0.382/0.382/2.240
|
0.382/0.382/2.618
|
0.382/0.382/3.140
|
0.382/0.382/3.618
|
0.382/0.447/1.618
|
0.382/0.447/2.000
|
0.382/0.447/2.240
|
0.382/0.447/2.618
|
0.382/0.447/3.140
|
0.382/0.447/3.618
|
0.382/0.500/1.618
|
0.382/0.500/2.000
|
0.382/0.500/2.240
|
0.382/0.500/2.618
|
0.382/0.500/3.140
|
0.382/0.500/3.618
|
0.382/0.618/1.618
|
0.382/0.618/2.000
|
0.382/0.618/2.240
|
0.382/0.618/2.618
|
0.382/0.618/3.140
|
0.382/0.618/3.618
|
0.382/0.707/1.618
|
0.382/0.707/2.000
|
|
Crab Ratios
|
0.382/0.707/2.240
|
0.382/0.707/2.618
|
0.382/0.707/3.140
|
0.382/0.707/3.618
|
0.382/0.786/1.618
|
0.382/0.786/2.000
|
0.382/0.786/2.240
|
0.382/0.786/2.618
|
0.382/0.786/3.140
|
0.382/0.786/3.618
|
0.382/0.886/1.618
|
0.382/0.886/2.000
|
0.382/0.886/2.240
|
0.382/0.886/2.618
|
0.382/0.886/3.140
|
0.382/0.886/3.618
|
0.447/0.382/1.618
|
0.447/0.382/2.000
|
0.447/0.382/2.240
|
0.447/0.382/2.618
|
0.447/0.382/3.140
|
0.447/0.382/3.618
|
0.447/0.447/1.618
|
0.447/0.447/2.000
|
0.447/0.447/2.240
|
0.447/0.707/2.240
|
|
Crab Ratios
0.500/0.382/3.618
|
0.500/0.447/3.618
|
0.500/0.500/3.618
|
0.500/0.618/3.618
|
0.500/0.707/3.618
|
0.500/0.786/3.140
|
0.500/0.786/3.618
|
0.500/0.886/3.140
|
0.500/0.886/3.618
|
0.618/0.382/3.618
|
0.618/0.447/3.618
|
0.618/0.500/3.140
|
0.618/0.707/3.140
|
0.618/0.707/3.618
|
0.618/0.786/2.618
|
0.618/0.786/3.140
|
0.618/0.786/3.618
|
0.618/0.886/2.240
|
0.618/0.886/2.618
|
0.618/0.886/3.140
|
0.886/0.382/2.618
|
0.886/0.382/3.140
|
0.886/0.382/3.618
|
0.886/0.447/2.240
|
0.886/0.447/2.618
|
0.886/0.447/3.140
|
|
Example : Bullish Harmonic Chart Pattern Crab EUR/JPY, 15 min
Example : Bearish Harmonic Chart Pattern Crab EUR/GBP, 15 min
The good point here is you don't have to wait and check for the pattern, it is really time consuming. With the power of technology, we can have the computer do it, it will tell us what the pattern is and draw it out, you can buy such
Harmonic pattern indicator for a cheap price.
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