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remlog
Feb 11, 2019 5:44 PM

TAP molson coors potential bearish shark pattern 

Molson Coors Beverage CompanyNYSE

Description

TAP has all the requirements to be a a bearish shark harmonic pattern except for point D has not been met yet. TAP has also broken out of its 2016 downward channel after making a double bottom. The neckline of the double bottom is currently being tested as confirmation. Plenty of momentum on the weekly timescale for TAP to continue to point D. A short sell at point D with a tight stop loss provides the best r:r of the harmonic pattern.
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