From this chart, can be found that Bullish Shark Within Bullish Channel. This one of example for Bullish Retracement Patterns within Bullish Trend Channels shown in Harmonic Trading: Volume Two, Page 124 until Page 126 written by Scott M Carney. Bullish Harmonic Pattern in Bullish Channel or Ascending Channel may indicate continuation pattern in Channel or rather...
How to trade when you see the Shark pattern? The ideal method used to trade a shark pattern is quite different from that used for other chart patterns. The take profit can be at 50 to 61.8 percent of BC . The way to trade this pattern is to go in at the open of the next candlestick after the harmonic indicator has detected the pattern. As soon as the C-leg forms,...
This Idea is First Educational Idea I am a novice Trader and not a Master. I hope that this Idea was Useful. Nas100 Trend Formed Several Technical Subjects 1- Parallel channel 2- Rectangle pattern 3- Pullback and Breakout 4- Harmonic Pattern 5-supply/demand Zone for this reason. I made this idea as Tutorial. please leave a like and comment If it was...
Trade now closed @ +150 pips. I am now waiting for an opportunity to sell. If you find this idea useful, kindly Like and follow . Thank you
Guys, before getting started please dont forget to leave a like & let me know your thoughts about this post in the comments below. The shark pattern anatomy can be found online, I won't be going much into that. If you are interested in learning how to spot these patterns yourself, make sure to look for it. With this post I will be looking at the issue of having...
EURCAD Shark Harmonic Pattern explained. - This is a explanation video on how to identify the Shark Pattern along with the target points and stop loss - Targets range from 30-60 PIPS As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below. Also feel free to share your opinion on this setup, or...
Is this a completed shark? The Point C is extended to 127.2. If it is, then let's find the long setup at lower tf.
PIDILITIND - Bullish Shark PRZ 1189-1187 SL 1154 T1 1222 T2 1255 CMP 1220.95 Date: 06/24/2019 @sashameel Educational Purpose...
Cheat Sheet for pattern ratios
Bullish Shark D-Point Termination Levels that express XC & CD Fibonacci confluences
This is a high probablilty trade for me. Shark and 5-0 patterns were developed by Scott Carney. Shark is 5-0 pattern without the last leg with additional constrains. The patterns are relatively new, but becoming more popular lately. The pattern stands out from the ranks of the other harmonic patterns because it is intended to start a new trend rather than...
using lower time frames to really identify why prices move the way they do. hope this helps someone
I will be using an example on EURAUD to share how to draw a perfect Shark Pattern. This is a currency pair which i personally lost money on last week because I did not spot this big authentic Shark Pattern. Scrolling through tradingview over the past few months, I realize 2 big mistakes that people are making while trading Shark Patterns. 1. They think Cypher...
After Shark pattern's target , there is a 5-0 pattern. After 5-0 pattern's target, there could be a emerging bat pattern. The fibonacci numbers is not exact true. This image just showing the trade opportunities after shark pattern. In essence the Shark is an emerging 5-0 pattern that you trade from C to target D. (target D is not shown in the diagram above - it's...
Bullish Shark Ratios B (XA) = 0.618 Maximum C (AB) = 1.13 ~ 1.618 D (BC) = 1.618 ~ 2.240 D (XC) = 0.886 ~ 1.13 StopLoss Below D Targets : 0.382 & 0.618 CD of CD Go Long when point D is completed according to above ratios and when it is confirmed with oscillator such as RSI Divergence
The Shark Pattern. Traders, This is an update to my previous post related to Harmonic Ratios. (link below) Safe Trades;
1. Find the point X at the bottom and point A at the top of a strong bullish trend. 2. 1st Retracement is not higher than the 61.8% of point X. 3. Point C should be confirmed at the 113% to 161.8% retracement area of A. 4. Point D should be confirmed at the 161.8% to 224% retracement area of B. 4a. Point D should be confirmed at the 88.6% to 113% retracement...