Hello traders, here we have BTC/USD with a bearish shark pattern on the 1h chart. The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 This pattern could form an X to D of 1.13 but I find it unlikely... If it does it would create a valid bullish 5-0 pattern. Feel free to connect with me below :)
I'm new to Harmonic Patterns. If B Resistance Level is broken I'll long until D & wait for confirmation to Short from there. Your input please ?
Bearish Shark Have first to be traded when it reveals itself as either a double top or harmonic Shark pattern. The shark pattern could be tricky though! We could see only a backtest of the break out and up, but would of cause then still give a nice trade and gain too. Have to see as it expires. Stay Sharp, Charts at WALLSTScalper.com
H1 Chart seems to be on a uptrend at the moment. This shark pattern has 2 PRZs, do keep a lookout on which PRZ is being respected. PRZ 1 R:R at 4.1 (TP1) & 7.5 (TP2) PRZ 2 R:R at 4.6 (TP1) & 8.3 (TP2) I will update when pattern completes.
Potential bearish shark bullish 5 0 combo. Lots of bullish price action candles. If it breaks below may continue for another 100 pips, be aware of that
Hello traders, here we have EUR/NZD with a bearish shark pattern on the 4h chart. This is an excellent shorting opportunity with over 1:3 risk to reward, don't miss out on this one! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 The D point forms at a strong level of resistance, therefore...
Hello traders, just an update on AUD/USD 0.10% with a bearish shark pattern on the 1h chart. Price has now reached resistance at the D point, I'm expecting price to sell-off from the current level. The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 This pattern could potentially turn into a...
PRZ at 9.76 Target 1: 8.40ish Target 2: 7.59ish Have to take out the 8.50 handle for this pattern to play out. We'll trade this pattern long to the PRZ zone being montering it and then trade it down for the target mentioned above. $KALV is about to get in geometry balance This biotech company shows all indications on going higher. Just got above EMA100 on...
Hello traders, just an update on XAG/USD with a bearish shark pattern on the 4h chart. Price has now reached the bottom trendline of the ascending channel, I'm expecting price to breakout and hit the 0.382 retracement level at 17.40000. If we see this move occur, it will more than likely be followed by a pullback to the trendline providing us with an excellent...
Hello traders, it appears AUD/NZD is now completing a bearish shark pattern on the 4h chart. This is an excellent opportunity with a potential 200+ pip return! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 I'm seeing signs of divergence, confirming the reversal at 1.07200. To further...
Sell @ PRZ 0.77550 Stop Loss at 0.78578 Target 1 Fib (0.382%) 0.75246 Target 2 Fib (0.618%) 0.73842 Trade management move stop loss to break even when target 1 is hit or split your trade into 2 lots and take out 1 lot at target 1 and let the other one role. The pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line on...
A shark pattern might be completing next week. This shark pattern has 2 PRZs, do take note. RSI is about to reach overbought level. In my opinion, PRZ 1 seems to be a strong resistance level, where price is more likely to retrace. Excellent R:R PRZ 1 : 3.8 (TP1) and 6.8 (TP2) PRZ 2 : 4.1 (TP1) and 7.3 (TP2) Will update with upcoming news that affect AUDNZD...
TP1 38.2% TP2 61.8% RSI: Overbought. Stop loss above X pt.
We have a number of high impact news for NZD and AUD this week, especially interest rate decisions for AUD tomorrow, NZD on Thursday. This might determine the completion of the shark pattern, which in this case, only has 1 valid PRZ. Shark patterns always have very reasonable risk/reward ratio. The R:R for this pattern is at 4.7 (TP1) and 8.6 (TP2). Price alerts...
Following up from my prediction last week which resulted in 500+ pips, I'm now revealing my long term view for GBP/JPY. I'm expecting the Great Britain Pound to continue all the way up to 156.500 to complete this bearish shark pattern! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 I'm still...
hi guys, potential bearish shark pattern evolving with structure support to the left. watch for price action in PRZ to confirm entry point. pair is in a downtrend, so it may be a good trend continuation trade. tragets and stop loss on chart. trade with care.