These Bearish Crab formation are so easy to see.. and are DOMINATING the equities markets EVERYWHERE it seems. Granted there is not much difference between a Bearish Crab and Cypher/ Gartley- the outcome is the same- downside momentum without some sort of high side news (but time is running out).
These formation have to be watched carefully.. because they do Signal extreme BEARISH momentum on the horizon. Some sooner (as in this case) - some later....I will be very surprised to see this complete and move to the upside.
Some of these formations s will show utter collapse, others will fake and rally. DB has seen so many issues. I am not confident on its ability to rally up on this formation- and even with financial bailout money. Its possible we could see a cypher I see a bad outcome for this asset. There is potential to long, but shorting is where the profits may end up being. *Cautionary Trade here*
These formation have to be watched carefully.. because they do Signal extreme BEARISH momentum on the horizon. Some sooner (as in this case) - some later....I will be very surprised to see this complete and move to the upside.
Some of these formations s will show utter collapse, others will fake and rally. DB has seen so many issues. I am not confident on its ability to rally up on this formation- and even with financial bailout money. Its possible we could see a cypher I see a bad outcome for this asset. There is potential to long, but shorting is where the profits may end up being. *Cautionary Trade here*
Note
DB is in rally mode bouncing off the bearish crab... amazing move. Unexpected.
Moorsc0de aka Crypt0nomics aka Zaphkiel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Moorsc0de aka Crypt0nomics aka Zaphkiel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.