kinetix360
Short

Bearish Chyper #EURUSD in Daily Chart

FX:EURUSD   Euro / U.S. Dollar
89 4 1
#EURUSD is likely forming potential Bearish Chyper @ daily chart
I think the pattern is good enough but with some considetations: XD at 1.00 or 1.13 within a CD leg extension at 1.618 to 2.24 of BC, and of course, let's call him a Shark! :-)
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B point is too dep. C point does not exceed 1.27
not valid
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dojitrader tntsunrise
I'd have to agree ~~~~~
This pattern might look like it's working because point D
is right at resistance. If I was to trade this it would be as a
Shark with full extension to the 1.13 point D so that the
inverse fib of B to C is at 1.168-2.24 and even then, the depth
of A to B just makes this not much of any kind of pattern.
Ex. http://www.trade-forex-harmonic-patterns.com/harmonic-trading-tips-shark.html
snapshot

Best of luck, however !!!!!!
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dojitrader dojitrader

An excellent example of a very harmonic Cypher
just posted -- it's only a 5 minute chart ~~~~~
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