Can you explain the meaning of the term "shark," please?
G13Man
⋅
yes i agree, please explain this Shark phrase
KLang
⋅
It's a harmonic pattern. Google Harmonic Shark
Jraider
⋅
Thanks for the response. Your chart shows a possible return to 205 and we are now trading there. would you expect resistance at this point?
KLang
⋅
The nature of these patterns is to not only have a target - but the target is called PRZ = potential reversal zone. Patterns DO NOT always reverse at their target though. It's a place to be cautious.