Possible short coming we have a near miss of the third trend line touch, as well as a .618 touch on that trend line, as well as hidden bearish divergence on the 1hr. a lot of confluences STAY TUNED!!!
Shark pattern is a combination of a ‘failed’ wave, an extreme harmonic impulse wave and the famous 0.886 retracement.
RULES:
B point needs to be in range of XA projection – minimum 1.13 but NOT exceed 1.618
C point needs to be in range of AB projection – minimum 1.618 but NOT exceed 2.24
C point at 0.886 0X (not 0B) retracement or 1.13 0X projection
We have the ...
Short @ 1.3555 > SL 1.3600
Shark pattern is a combination of a ‘failed’ wave, an extreme harmonic impulse wave and the famous 0.886 retracement.
RULES:
B point needs to be in range of XA projection – minimum 1.13 but NOT exceed 1.618
C point needs to be in range of AB projection – minimum 1.618 but NOT exceed 2.24
C point at 0.886 0X (not 0B) retracement or 1.13 ...
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 ...
The Deep Crab pattern is the combination of a Bat pattern and Crab pattern. There are some differences between Deep Crab and Crab. In Deep Crab formation, B point is at 0.886 retracement of XA; AB=CD is more important in the Deep Crab although the pattern often possesses the alternate 1.27AB=CD or 1.618AB=CD; BC Projection is less extreme with a minimum of ...
The Shark pattern has the following ratios.
BC leg extends XA leg between 113% – 161.8%
CD leg extends beyond X by 113% of the XD leg
CD leg is also an extension of BC by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is at 88.6% of OX leg with stops coming in at point C
Targets can be 61.8% of BC
Here is another possibility if we start to drop now. If we drop with some volume, we should expect the drop to form the right shoulder somewhere around where I have my predicted target (this can obviously change).
Once the bottom of the right shoulder is formed, this could provide a nice entry for those who missed out.
This is of course only if we see a ...
Here is the second variation of Shark Harmonic Pattern with a 113% extension of XA instead of the 88.6% retracement above.
I have a good feeling we will reach this target D for a number of reasons.
First we are seeing a ton of volume, and a lot of people buying in now that people are starting to be convinced that 6.4k was the bottom. (I’m not entirely convinced ...
Hi everyone. Another update for you.
So the bearish pennant obviously failed on my last update, it seems that 6.4k is bottom at least for now so let’s keep moving forward and follow the trend.
Here we have a nearly perfect Shark Harmonic Pattern. Point D is determined by calculating an 88.6% retracement of the XA leg.
Once Point D is reached, target 1 and ...
Waiting for a possible wedge break and a possible retest of the PRZ before continuing to the upside.
The Shark pattern has the following ratios.
AB leg extends OX leg between 113% – 161.8%
BC leg extends beyond O by 113% of the OX leg
BC leg is also an extension of AX by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is ...
Will update when sell signal is provided
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit ...
he Shark pattern has the following ratios.
AB leg extends OX leg between 113% – 161.8%
BC leg extends beyond O by 113% of the OX leg
BC leg is also an extension of AX by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is at 88.6% of OX leg with stops coming in at point C
Targets can be 61.8% of BC
The Shark pattern has the following ratios.
AB leg extends OX leg between 113% – 161.8%
BC leg extends beyond O by 113% of the OX leg
BC leg is also an extension of AX by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is at 88.6% of OX leg with stops coming in at point C
Targets can be 61.8% of BC
The Shark pattern has the following ratios.
AB leg extends OX leg between 113% – 161.8%
BC leg extends beyond O by 113% of the OX leg
BC leg is also an extension of AX by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is at 88.6% of OX leg with stops coming in at point C
Targets can be 61.8% of BC
IN gold xauusd we have an anti alternate shark and the target is 100% CD AND IS 1307
but we have maybe a good situation to sell again gold in higher price,and analyze as soon as possible
