**"My heroes are those who risk their capital**

**every day to make more profit"**

**..............................................................................yourfxguide**

The first part of this post explains

**"How to draw a bearish crab harmonic chart pattern"**, and the second part explains**"How to apply the bearish crab harmonic chart pattern in forex trading"**. Let's see how a bearish crab chart pattern can be drawn.To draw a bearish crab chart pattern, first we will find the X and A points on the price chart. X and A points is found on the top and bottom of a bearish trend respectively.Source: metatrader4.com |

In the second step, draw a Fibonacci retracement tool from X to A to find the retracement level at point B, which should be 38.2-61.8 percent. It also means Fibonnaci ratio of X-B is 0.382-0.618, which confirms the point B.

Source: metatrader4.com |

In the second step, draw a Fibonacci retracement tool from A to B to
find the retracement level at point C, which should be 38.2-88.6
percent. It also means Fibonnaci ratio of A-C is 0.382-0.886, which
confirms the point C.

Source: metatrader4.com |

In the second step, draw a Fibonacci retracement tool from B to C to
find the retracement level at point D, which should be 261.8-361.8
percent. It also means Fibonnaci ratio of B-C is 2.618-3.618, which
confirms the point D.

Source: metatrader4.com |

In the fifth step, the point D is reconfirmed by measuring the Fibonacci ratios of X-D. Here the D point is confirmed at 1.618 Fibonacci ratio of X-D. To find the ratio, a Fibonacci retracement is draw from X to A. Draw a Fibonacci retracement tool from X to A to
find the retracement level at point D, which should be 161.8
percent. It also means Fibonnaci ratio of B-C is 1.618, which
confirms the point D.

Source: metatrader4.com |

In the final step, XA, XB, AB, BC, BD straight lines are drawn.

A sell order is placed upon the completion of the bearish crab harmonic chart pattern. But smart traders often love to place a long order at the point C. The profit target for the long order at point C is placed at the point D, and the profit target for the short order at point D is placed at the 61.8% or 50% retracement level of point C. Even the profit target for the short order at point D can wisely be placed on the AC trend line.

If you have any questions, suggestions, or complements, please drop a comment below.

A sell order is placed upon the completion of the bearish crab harmonic chart pattern. But smart traders often love to place a long order at the point C. The profit target for the long order at point C is placed at the point D, and the profit target for the short order at point D is placed at the 61.8% or 50% retracement level of point C. Even the profit target for the short order at point D can wisely be placed on the AC trend line.

If you have any questions, suggestions, or complements, please drop a comment below.

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