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slrocheleau
Mar 30, 2018 11:25 AM

15M : Shark - Re Entry @ 6700 Long

Bitcoin / DollarBitfinex

Description

he Shark pattern has the following ratios.

AB leg extends OX leg between 113% – 161.8%
BC leg extends beyond O by 113% of the OX leg
BC leg is also an extension of AX by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:

Entry is at 88.6% of OX leg with stops coming in at point C
Targets can be 61.8% of BC

Comment

T1 Hit

Comment

Scalping the AD=CD on 15 M
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