TradingView
lauralea
Jun 16, 2023 3:33 PM

Shark//W Pattern 

Dillard's, Inc.NYSE

Description

If price does not go higher, this looks like a Shark which ends at the .886 Fib level.
It would be called a Bearish Shark as leg 4 is an UPWARD leg and it looks like a crooked W with valley 2 being lower than valley 1.
I left the 4th leg dashed in case it is not complete.
If the 4th leg were to reach the 1.113 this would be an alternate Shark.
A Shark is labeled 0XABC. There is also the bullish version which appears as a crooked M on a chart.
Bearish Engulfing candle so far today but needs a third candle for confirmation. If so, the candle pattern would be a 3 outside down.
No recommendation/Short interest is over 19%.
52 Week Range
184.14
417.86
Day Range
332.20
348.11
EPS (FWD)
36.76
PE (FWD)
9.40
Div Rate (FWD)
$0.80
Yield (FWD)
0.23%
Short Interest
19.51%
Market Cap
5.70B
Volume
38,936
More