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slrocheleau
Apr 4, 2018 4:20 AM

Alternate Shark  Short

British Pound/U.S. DollarFXCM

Description

The Shark pattern has the following ratios.

BC leg extends AX leg between 113% – 161.8%
CD leg extends beyond X by 113% of the XA 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 XA leg with stops coming in at point D
Targets can be 61.8% of CD

Comment

T1 hit
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