312 12 3
The yellow SHARK played out very nicely. Now, it looks like a Butterfly is in play.
thanks a lot . I have a question , can we consider this pattern as a shark and the C didn't reach 1.13 of AB ?
KLang hussain9
The measure tool in the ab+cd is incorrect. I ALWAYS measure with the fib tool before drawing the pattern. In fact, I'm not going to use the ab=cd drawing tool anymore as it just throws people off. I'm just using the triangles to draw harmonics now.
For my simple opinion its not a shark pattern even if we used the fib. If we toke a larger frame , weekly , we are going to find a beautiful Bearish Crab .

KLang hussain9
I'm sorry - but this doesn't make sense to me. The PRZ has already been hit on the formation you drew. There is no target associated with the reversal itself. I don't understand where you've come up with this PRZ.
yeah you are correct because scott carney didn't talk about it , but only some harmonic traders proficiently using it .


it was an excellent discussion with u . Thank you .
KLang hussain9
Oh that's very interesting. It could be the case. Who's methodology is this?
As you know in every completed pattern there is reversal and another PRZ point entry like this :

and about the method you asked me about , I learned it from the best harmonic traders , no name for it but it talks about the target price after finishing the harmonic pattern .
KLang hussain9
That's interesting - I've never seen reversal targets after reaching PRZ - in fact, I often see price simply make a small retrace and forge ahead again, which why I much prefer to play to the PRZ rather than the actual reversal itself. It seems to be more reliable. You obviously have more experience than I with these harmonics - but I do like them very much.
you have to hunt them again because after every completed pattern there is a correction and a change in the trend that you don't want to miss it . wishing for you the best luck .
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