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The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13 reciprocal ratio of the initial leg. Targets can be various retracements of the CD leg, all the way up to C itself. There are different methods of determining where the stop would go. Some put it beyond the next structure level after the D point, others choose the 1.41 extension of XA.

Conservative traders look for additional confirmation before entering a trade based on an indicator value, a specific candlestick pointing at a reversal or confluence with other methods. The Shark pattern can be either bullish or bearish. It is as effective as other harmonic patterns and a common variation on trading this pattern is to trade the last leg to completion. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.
raynlim raynlim NZDJPY, 240, Short ,
32 0 1
NZDJPY, 240 Short
Trade Ideas Positions: NZDJPY Bear Shark Confirmation+H&S

NZDJPY H4 showing Bear Shark confirmation followed by head and shoulders. Great shorting opportunity for me. What say you?

Dem456 Dem456 ETFC, 1D, Long ,
10 0 1
ETFC, 1D Long
Bullish Shark

ETFC, Set buy limit order with other cancels other for target/stop, still learning Position Size: 0.5% risk for 10k is 50 shares worth $2900 Buy Order: 58.00 Target: 61.00+ Stop: 57.00 Time Frame: August 13th

BloomFisher BloomFisher AUDUSD, 30, Long ,
55934 27 34
AUDUSD, 30 Long
AUDUSD | Harmonic Pattern Shark - Short Term Spike!

Hey Everyone, AUDUSD 30M Chart Looks promising as Support is holding the price up as well as Harmonic Pattern Bullish Shark is Identified Keeping Target Smalls it could potentially go UP! Here's our Preferences, BUY NOW or - 0.73679 STOP - 0.73534 TARGET - 0.74092 More updates will be posted under this thread, have any doubts? then, let us know in the comment ...

FinanceRhino FinanceRhino FCX, 240, Short ,
62 1 7
FCX, 240 Short
Bearish Shark

Bearish Shark with bearish divergence.

Mikoxl. Mikoxl. GBPUSD, 240, Short ,
127 0 3
GBPUSD, 240 Short
Shark886 4H short

Setup entry: 1.3401 stoploss: 1.3491 (90 pips) target 1: 1.3266 (1:1.49) target 2: 1.3183 (2.39) target 3: 1.3009 (4.98) If the stoploss is too big, downsize you positions!

FinanceRhino FinanceRhino XEL, 240, Short ,
57 0 4
XEL, 240 Short
Bearish Shark

Bearish Shark with bearish divergence, while price action approaches a significant resistance level.

FinanceRhino FinanceRhino MRK, 240, Short ,
67 0 5
MRK, 240 Short
Bearish Butterfly & Bearish Shark

Bearish butterfly (with bearish divergence) has completed and price transitioned into a small bearish shark. The bearish Shark is completing at a significant resistance level and showing reverse bearish divergence.

FinanceRhino FinanceRhino WYNN, 1D, Long ,
77 2 6
WYNN, 1D Long
Bullish Shark

Bullish Shark with bullish divergence.

FinanceRhino FinanceRhino GC1!, 60, Long ,
141 0 8
GC1!, 60 Long
Bullish Shark

Well measured bullish shark with bullish divergence. Waiting to see how price reacts to the reversal zone (green box), which will determine if a position will be taken.

1632 24 53
XBTUSD, 1D
Bitcoin: The tale of the two harmonics

The orange harmonic is a "Deep Crab" and the aqua harmonic is a "Shark" - One of these patterns will invalidate the other Price action must not close below (if advancing to the Deep Crabs ratios) below the PRZ or there is a high probability it will continue to the next, the same applies vice versa if it is advancing to the aqua Sharks ratios, price action must ...

541 3 12
USDCAD, 1W
USD/CAD [Long-term analysis]

Harmonic Shark appearing on the weekly, as well as there being confluence with EWT 100% for wave 5; S/L can be placed above high and T/P can be taken at the marked boxes (Potential Reversal Zones)

captainquenta captainquenta USDJPY, 240, Short ,
125 0 6
USDJPY, 240 Short
UJ Bearish Shark Pattern Complete

With the conditions of the DXY shooting down,the June 22nd - July 7th Gann Season dates, we can expect a violent trend reversal.

92 0 5
XBT, 240
Bullish 5-0 or Bearish Shark

well that's going to be the ultimate question here as to whether you're long or short. Ultimately, I say we going down but this is 50% retracement to decide whether we bounce to fulfil bullish 5 drives or continue falling to fulfill Bearish Shark.

raynlim raynlim NZDJPY, 60, Short ,
83 0 1
NZDJPY, 60 Short
[Repost] Trade Ideas Positions: Bear Bat H1 Bear Shark H4

Bear Bat already completed, Bear Shark H4 does not touch yet. Already shorted this pair in using unconventional targets.

Godly Godly EURUSD, 1D, Short ,
885 5 22
EURUSD, 1D Short
EUR/USD [Long-term analysis]

Looks to be a Harmonic Shark on the weekly; the correction could go way deeper than expected previously. If it breaks our marked LH our short-term bullish momentum is back but for the time being we have a bearish expectation since there is a NSL on the longer-term and shorter-term. Can enter near the LH and place S/L above that LH. T/Ps have been marked by Aqua boxes.

raynlim raynlim NZDJPY, 60, Short ,
22 0 1
NZDJPY, 60 Short
Trade Ideas Positions: NZDJPY H1 Bear Bat, H4 Bear Shark

Bear Shark still a bit shy in getting trigger but multiple signal to short this pair and now on top of what I had, there is a Bear Bat completion. Going in for the short and will actively managing the trade.

Afaan Afaan IOTUSD, 1D, Long ,
149 0 2
IOTUSD, 1D Long
IOTA BULLISH SHARK

HI ALL, IOTAUSD SHOWING A POTENTIAL BULLISH SHARK FORMATION WAITING FOR PRICE ACTION TO REACH THE 113 & 224 FIB ZONE GOODLUCK,

192 7 11
XBT, 120
Bullish 5 Drives vs Bearish Bat and Bearish Shark

overall structure a Bullish 5 Drives OR Bearish Shark. Bearish Bat Diamond (potential reversal) pattern forming

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