A “shark pattern” in stock charts is a completely made-up formation where the price action looks like a dorsal fin cutting through calm market waters.
Traders say it signals “blood in the water” — which usually just means your stop-loss is about to get eaten.
Legend has it, if you spot a shark pattern and don’t sell, you’ll end up sleeping with the fishes — financially speaking.
Some traders claim it works best when accompanied by the “fish fry” candlestick, which also doesn’t exist.
Traders say it signals “blood in the water” — which usually just means your stop-loss is about to get eaten.
Legend has it, if you spot a shark pattern and don’t sell, you’ll end up sleeping with the fishes — financially speaking.
Some traders claim it works best when accompanied by the “fish fry” candlestick, which also doesn’t exist.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.