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JamesBrown
Jun 3, 2016 8:12 PM

Bearish Shark Harmonic Pattern in Play for SPY Short

SPY*10Arca

Description

For XABCD, D can be anywhere from 0.886 to 1.13 (fibs retracement and extension, respectively) of leg XA.

Price Action determines if/ when we go short, based on this pattern's development. Two traditional targets for this pattern are given, both for D at 0.886 and at 1.13. One may also decide to shoot for 0.5 of CD as the first target and 0.886,or even 1.0, of CD as the second.
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