bobwff33
Long

What A Perfect Shark !!!!!!! Buy COF at 114.05

ICEUSA:KC1!   Coffee
112 3 1
What A Perfect Shark !!!!!!! Buy COF             at 114.05
1.BC=1.13AB retriacement
2.CD=1.618 BC             retracement
3.D at 0.886 XA retracement
tp1:156 tp2 182.5 tp3 225.45
Comment: long KC at 123.18
0.618 from 114.25-137
Comment: the trade at 0.618 retracement has touched the SL at 121.
Open another one at 118,SL:113
perfect shark , waiting for a long opportunity
Reply
You can see the shark in the weekly chart,which i have drawn out with green area.
The perfect shark requies the X,A,B,C have some kind of relation,which i gave in the chart either.
The entry of the shark is point D,usually the D must be 0.886XA or 1.13XA retracement,in KC,the D point is right at the 0.886 XA
So,i have already give a shot 2015-9-7,at 115,and i close the trade at 130,just below the downtrend
But ,the shark's 1st TP has not arrived yet ,it's 0.382 CD,about 155,the 2nd TP 182,the way is not that simple of course.
So,i decided to do the longtrade for the time being,the next entry may be at 122.3,it's the 0.618 retracement from 113 to 137.45,but i will be patiant because the wave goingdown is very strong.
Reply
whats is a shark formation and where do you see it ? to buy when and at which level are u suggesting 114 ? do we get there at all and when ?
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