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Shark

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.
smartstep78 smartstep78 PRO AUDUSD, D, Short ,
AUDUSD: AUDUSD- BEARISH
26 0 2
AUDUSD, D Short
AUDUSD- BEARISH

AUDUSD MAY BE BEARISH AS IT TRIES TO BREAK SUPPORT AT 0.78 HANDLE. PRIZE MAY GO DOWN TO O.7450 ON DAILY AS THE FORMATION OF SHARK UNDERWAY!

TerryHarmonicTrading TerryHarmonicTrading GBPUSD, 60, Long ,
GBPUSD: GBPUSD - Bullish Shark just below 1.3
93 2 5
GBPUSD, 60 Long
GBPUSD - Bullish Shark just below 1.3

Apologies for the quite week, went to Shanghai for a week of work and meetings. The internet connection there was horrible too, making it a chore to chart on tradingview. Now that I am back, I want to share some ideas I have for next week. First up is GBPUSD where I see a potential bullish shark completing next week on the h1 chart. EP 1.2985 - 1.2995 SL ...

TerryHarmonicTrading TerryHarmonicTrading GBPJPY, 15, Short ,
GBPJPY: GBPJPY - M15 Shark
230 0 10
GBPJPY, 15 Short
GBPJPY - M15 Shark

This is a very similar setup as the gbpchf setup I posted awhile ago. This is a shark pattern to go short. But before shorting, some stuff need to happen in the volume indicator. 1. Exhaustion volume (huge big bar) 2. A weak candle with decent vol This can be a great setup if the above happen. Will wait for news at 4.30 and 6.15 to happen first before ...

Trading_Jazz Trading_Jazz PRO GBPAUD, 720, Short ,
GBPAUD: (12h) Bearish H&S formation with a neck at 38 // Bounce or Break
232 0 11
GBPAUD, 720 Short
(12h) Bearish H&S formation with a neck at 38 // Bounce or Break

https://www.tradingview.com/chart/EURUSD/IZLJ3dS1-Head-Shoulders-Educational/ https://www.tradingview.com/chart/EURUSD/ZOzp9b8D-The-Shark-Pattern-Engagement-Rules-Educational/ Safe Trades;

Trading_Jazz Trading_Jazz PRO PL1!, D, Long ,
PL1!: (Daily) Taking Platinum into another level
131 0 10
PL1!, D Long
(Daily) Taking Platinum into another level

NYMEX:PL1! Monthly: https://www.tradingview.com/x/6cFMDEA6/ https://www.tradingview.com/chart/EURUSD/23Jop8vm-Cypher-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/ZOzp9b8D-The-Shark-Pattern-Engagement-Rules-Educational/ Safe Tardes;

smartstep78 smartstep78 PRO USDJPY, 60, Short ,
USDJPY: ISDJPY SHARK
101 0 9
USDJPY, 60 Short
ISDJPY SHARK

USDJPY RALLY MAY FIND REISITANCE AT 113.25 OR 113.60

cdschultheis15 cdschultheis15 PRO XAUUSD, D,
XAUUSD: XAU/USD - Harmonic Confluence
316 1 10
XAUUSD, D
XAU/USD - Harmonic Confluence

Hello, Traders! Today, we have GREAT structure forming on GOLD! Here, we have a bullish shark and a bearish 5-0 pattern. I personally, LOVE these set ups... GOLDEN RATIO X2! Price has temporarily retraced at a support & resistance zone, which is also X point, but the down trend continues. With these types of set up, we ALWAYS look for the DOUBLE PLAY: 1. BUY ...

TerryHarmonicTrading TerryHarmonicTrading GBPJPY, 60, Long ,
GBPJPY: GBPJPY - Bullish Shark Completion
214 0 7
GBPJPY, 60 Long
GBPJPY - Bullish Shark Completion

I foresee a double bottom forming on GBPJPY. That is also the level where a bullish shark pattern completes. Whether I will be entering this super big counter trend trade, it depends on the volume activities when it reaches the 147 level. I will want to see abnormally high volume coming in before it reaches the PRZ. Will keep you guys posted.

TerryHarmonicTrading TerryHarmonicTrading EURUSD, 240, Short ,
EURUSD: EURUSD - Bearish Shark 1.1970
518 0 11
EURUSD, 240 Short
EURUSD - Bearish Shark 1.1970

Will not be surprised to see a pullback upwards for EURUSD. 1.1970 is a shark pattern PRZ short level for EURUSD. Will be monitoring the volume around this level for potential short opportunity. EURUSD is currently bouncing off H4 support nicely and the path of least resistance should be upwards for now. Look out for abnormal volume (Black Color, Ultra High) ...

Trading_Jazz Trading_Jazz PRO USDJPY, D, Short ,
USDJPY: (D) Bearish Shark at Structure & 200 MA
384 0 19
USDJPY, D Short
(D) Bearish Shark at Structure & 200 MA

FX:USDJPY

Trading_Jazz Trading_Jazz PRO EURUSD, 240, Short ,
EURUSD: (4h) Bearish Shark at previous highs (fibs)
708 4 27
EURUSD, 240 Short
(4h) Bearish Shark at previous highs (fibs)

FX:EURUSD The last short opportunity with a bearish shark at previous highs... https://www.tradingview.com/chart/EURUSD/ZOzp9b8D-The-Shark-Pattern-Engagement-Rules-Educational/ Safe Trades;

TerryHarmonicTrading TerryHarmonicTrading DXY, D, Long ,
DXY: A review of DXY combining Harmonic Trading with Supply & Demand
345 8 12
DXY, D Long
A review of DXY combining Harmonic Trading with Supply & Demand

Hey traders, I am going through a course at OTA conducted by a friend Jeff Manson right now. I am reviewing some setups which failed for me last week. Dollar Index Daily Chart Upon reviewing the chart, I realised that this should be the right way I should draw my shark pattern. Always choose the deeper B leg as your correct B. (Compare this to the other Shark ...

theFXcoach theFXcoach PRO GBPCAD, 60,
GBPCAD: Charlie-Delta Trading
67 0 6
GBPCAD, 60
Charlie-Delta Trading

Patience and selectivity are the key in Charlie Delta trading

FxWirePro FxWirePro PRO BTCUSD, 60, Short ,
BTCUSD: BTCUSD: Bearish Shark Pattern
337 0 14
BTCUSD, 60 Short
BTCUSD: Bearish Shark Pattern

It is good to sell on rallies around 4350-4360 with SL around 4455 for the TP of 4150

pixi pixi XAUUSD, 240, Long ,
XAUUSD: Short term target at $1292/1293
665 4 18
XAUUSD, 240 Long
Short term target at $1292/1293

Hi, Long $1267 SL $1262, looking for bearish Shark + inv AB=CD at $1292/1293. If this idea works, i'll looking for a Bullish 5-0 on previous S/R level around $1280. Likely turning point in short term, but too early to say that.

TerryHarmonicTrading TerryHarmonicTrading USDJPY, 240, Short ,
USDJPY: USDJPY - Bearish Shark completed, short on retest
1029 3 22
USDJPY, 240 Short
USDJPY - Bearish Shark completed, short on retest

Hey guys, this is a great setup on USDJPY. I am expecting it weaken next with a retracement on the USD. Pattern Identification USDJPY has completed a bearish shark last Friday at 115.37. It has since fallen about 60 pips. Trade Execution At this current price, I will only go short if it retests the zone between 115 to 115.30. I will monitor for reaction at ...

Warren_Bufflash Warren_Bufflash PRO BTCUSD, D,
BTCUSD: BTCUSD might be correction wave
51 0 0
BTCUSD, D
BTCUSD might be correction wave

Context Weekly chart: Still up trend and I found the confluence for BUY area is 4210 - 4170. Dayly chart : I found TTS sell confirmed so that mean the prive will be correction to 4970 - 4895 this area is Agreement for BUY Stop loss when the context change.

anvarov anvarov USDCAD, 60, Short ,
USDCAD: Bearish shark is forming
46 0 3
USDCAD, 60 Short
Bearish shark is forming

Bearish shark is forming, trade levels on screen. Good luck! p.s There is a chance it will get to around 1.20 levels from that point, if you want you can put trailing stop and wait.

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