Pattern : Bearish Shark
Stock : NSE:NIFTY
Time Frame : 2 Hour.
Always look for reversal patterns in rectangle box area which is a reversal zone and take trade basis on it.
Note : This chart is only for study and reference purpose.
Wanted more of a narrative to my technical analysis. Makes it a bit more of a story than just targets, channels and patterns.
Good structure, good assets, generating revenue, verbalization.
Canadian. But not Canadian.
Any harmonics traders, bearish shark on weekly. Please educate me.
You see there are 3 scenarios on EURUSD and all 3 I am waiting for shorting opportunity. That's because EURUSD on the daily chart there is an RSI Divergence. If the market can't break and close above the black box, I'll head in for a shorting opportunity base on the bearish flag pattern. If the market head up straight to the red box then I will be looking to sell...
To dive in straight for a shorting opportunity isn't a sane action to do. A bearish candle confirmation is required before we could head in for a shorting opportunity.
There is another entry opportunity on a higher level for this Shark Pattern trading opportunity, so sit back, relax and wait for confirmation before engaging the trade.
Bearish Shark Pattern forms on the 4-hourly chart sell zone, waiting for a shorting opportunity to engaged the trade.
Pending order has been placed and let's see if it will checkback and move towards our target level.
I'm still in on short on the bearish shark pattern on the 4-hourly chart(link at the bottom), as for traders who are looking for a buying opportunity, 1.2724 can be a good opportunity on the 1-hourly chart.
Bajaj finance :-
Darvax box consolidation are peak levels,
Rising Wedge pattern,,
Bearish harmonic Shark pattern fomation,
Bearish divergence on RSI indicator,,
50% Time and Price retracement,,
Breaking below 3190 which is support as per darvas box and also trend line support of rising wedge pattern,, and sustain would lead to fast and furious fall,, for...
Seldom I post a weekly market analysis on a 15-mins chart, but this is important. As the market didn't break and close above 107.87 on the daily chart, I'm waiting for a shorting opportunity.
On the 1-hourly chart, we only have a sell-zone and M15 we have a bearish shark. I'm waiting for a candle confirmation to engage the trade for a shorting opportunity.
A bearish shark pattern completes within the sell zone, right now I'm waiting for candle confirmation before placing in the pending order to engage the trade. This is important because of the recent strong bullish movement that was circled in yellow.
Traders stay calm, even you have waited for a trading setup for weeks, you shouldn't rush into it just because it shows up.
We got a big 'W' which is Bearish. The right arm of W is lower than the left was; it is a Cypher.
The Nenstar inside the Cyper was a smaller formation with a larger right arm than left; hence, Nenstar.
Both Shark patterns; both 'W's and both Bearish. Get ready to Fill My Gap!!
This is not trading advice and should be taken with a grain or even a full shaker of...
USDJPY doesn't have a distinct trend at the moment. If market consolidates within the red box I will be waiting for a shorting opportunity.
A break and close above the red box then I'll wait for the market to travel to Point D for a shorting opportunity.