I call it a cypher with these conditions:
1 - A to B must touch the .382 but not touch the .500
(the closer to the .382 the greater the success it seems)
2 - Pt C must touch the 1.272 of X to A and not go beyond the 1.414
(the closer to the 1.272 the greater the success)
Just about anything else can be a valid Shark as A to B is not really qualified
that I'm aware of, however, it seems to me that the better Sharks
have a 1.13 fib ext for Pt C and a .382 A to B
The target for me is usually .886 unless A to B is deeper than .500
or Pt C is closer to 1.618
That's my rules . . . what do you think ?
Thanks for your thoughts !!!