The Crab is a Harmonic pattern discovered by Scott Carney in 2001. The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.240, 2.618, 3.140, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The Crab pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone.
 Bullish Crab |
 Bearish Crab |
The Crab pattern can be toggled on or off by checking/unchecking the Show Crab? checkbox in the Settings dialog.
The Terminal Bar is the price bar that reaches the minimum pattern completion requirements and will always be identified by the ☼ symbol.
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