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slrocheleau
Apr 5, 2018 6:20 AM

Shark > ABCD > Entry 150.79 Short

British Pound/Japanese YenFXCM

Description

The Shark pattern has the following ratios.

BC leg extends XA leg between 113% – 161.8%
CD leg extends beyond X by 113% of the XD leg
CD leg is also an extension of BC 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
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