MID-TERM: Bullish shark, printed a hammer candle at the PCZ, while testing a historical support/resistance level, and the 200 MA. (not financial advice)
The Shark pattern is a relatively new addition to the Harmonic collection which was discovered and defined by Scott Carney in 2010. As a trend continuation structure, the expectation at the completion point of the Shark is for price to continue in the direction of the trend. The Shark, like all continuation structures, begins with an initial impulsive move ( X -...
SNX has a bullish shark that made a 100% retracement with the PCZ right at 7. The main targets are 11 (B) , 14.5 (A) , 15.8 (C).
CVNA formed a bearish Shark pattern. T1 was already achieved and its back in buy zone.
If EOS breaks through this trendline on the weekly it could be all over for EOS but it's showing some signs here in the form of a Bullish Gartley and Bullish Shark that it wants to try to survive this trendline test.
Long opportunity only if closed in between PRZ= 1375 to 1309. Small chunk can be bought at 1st PRZ till 2nd PRZ. 1st PRZ=1375 2nd PRZ=1309 SL= below 1200
In an unlikely scenario, I'm waiting for the USDJPY retrace back to the parallel channel touch and reverse heading towards the Bullish Shark Pattern that completes at 112.36 to provide a potential entry price for my long-term trade towards the upside.
$DHR Shark Pattern D Point is Fib. %88,6 XC Wave. Bullish breakout point is above $333.
COINBASE:BTCUSD BTC ON 1/H P1 58K-58700.Stop loss 56700
Bearish on BTC and ETH overall but some alts look promising.
We have a Falling Wedge with Extreme Amounts Bullish Divergence on the RSI at the 100 Percent retrace of a Bullish Shark within a large 4 year structure. LTC is not only setup to outperform BTC but it is also setup to outperform Bitcoin Cash and Ethereum. As of right now BCH, BTC and ETH charts look very bearish so it would be very interesting to see if Litecoin...
I uploaded a huge weekly bullish shark pattern on this pair from the Binance chart a few weeks ago that can be seen in the related section and it's since gone up 100 percent and has much more to go. Now i want to share a different bullish perspective on the Coinbase chart. We are in a big falling wedge pattern and double bottoming with divergence waiting to break...
It's been a long time waiting on this trade but soon SNX will be pulling back to the .886 which is confluent with what is some sorta huge Bullish Bat/Bullish Gartley Hybrid and a smaller Bullish Shark. It would be nice if we hit the PCZ then break the trendline of our Bullish Dragon. We have room to go up 300% upon breaking the trendline of our Bullish Dragon.
HEXO makes headlines today >>> such a nasty Bearish 🎭 Shark (with $1 Deep Crab) ... one more thing, bring a bottle of HEXO (shaken not stirred) ... >>> wow, this type of reversals 🎭 only happen at the Bottom ($2 price tag for HEXO is ridiculously cheap) >>> my dear it's a Gift for Christmas, if HEXO can turn around in december/february to $11
RSI is sitting at the 50 line while the price is sitting near the support line of the ascending triangle/three rising valleys this may lead to new ATHs.
1. Bearish Shark Pattern 2. RSI Down 3. Libra pattern 4. Rising resistance
OMG this is very bad for bitcoin :( The very sharp drop in bitcoin shows us a combination of market modeling that in the future can complete shark pattern. On the other hand, the price has reached its normal 5th Elliott wave area.On the other hand, we have negative regular divergence(RD-), which all of thease could be the next evidence of a long-term decline for bitcoin .
NASDAQ:TSLA TSLA On 1/H Chart looking better then 15/Min Chart. If TSLA Open a gap up we May see it run to 1200_1240 by next two weeks