AUDEUR : Bullish Shark Formation, Double bottom
On 4h/6h timeframe, Pair shows formation and completion of shark pattern at 224 extension.
Min retracement of 38.2 is expected and eventually 50% and 61.8%
Double bottom is spotted, so it may carry equal measure move which coincides with 50% retracement, which creates a good confluence.
BANKNIFTY price action shows AltBat pattern completion at 113% extension.
Looking for a minimum of 38.2% retracement.
If price falls further from 38.2%, next targets to consider are 50% & 61.8%.
61.8% retracement target comes at a previous support level.
SGDUSD pair has completed the Crab pattern at 1.618 extension.
On 4h timeframe, pair shows bearish divergence on RSi and Macd.
It could retrace to three targets of 38.2%, 50% & 61.8%
But for now, looking for minimum retracement 38.2%.
USDTRY - Shark Pattern Completion above 1.618
Price can retrace 50%.
If it fails to retrace fro,m current position, it may go up and then retrace back 50% of full leg.
On smaller time scale we can see the small crab pattern completion too.
JETAIRWAYS - 2H - Formation of BAT Pattern
Currently price is testing 200MA as a resistance. Price can move up to test 100MA after gaining the support of 200MA if it breaks 200MA on upside.
Stock shows formation and completion of BAT pattern. Minimum expected retracement if 38.2%
It is also showing bullish divergence on RSI and Macd for now.
I dont usually trade stocks but I saw this setup on the chart
Shark pattern formation and price is now resting a little above 1.618 which makes shark pattern D leg complete.
Minimum retracement expected is 38.2% and 50% but I have provided 4 different targets.
It is overbought on lower timeframe and has small bearish divergence.
Shark pattern usually consists...
DAX - 1D - 5-0 and Crab pattern completion at 1.618 extension
Looking for quick bounce from this level for minimum retracement to 38.2% or next resistance level.
5-0 is generally results in continuation after the retracement.
ADABTC (2h) pair on Binance.
Pair shows upward retracement of completed butterfly pattern along with formation of shark and potential H&S.
Both, a recent pull back, bull pole bull flag and measurement of H&S coincide with two measurement targets for shark pattern completion.
Inside shark, there is also a Gartley pattern completed at 786 which is at the neck line of H&S.