A detailed explanation of the SHARK harmonic pattern
The Shark model was discovered in 2011 by Scott Carney.
It is somewhat similar to the crab pattern, and the most important characteristic of this pattern is that it depends on the 88.6 Fibonacci correction ratio
This model was created by combining Fibonacci numbers with Elliot Wave Theory.
The shark model is characterized by the need to specify the points for determining the model points, which are x, a, b, c, and the beginning of the structure of the model is point 0. In the shark model, point B exceeds point x
buy style
1- There is no specific correction for A
2- Point B corrects 113 to 161.8 from XA
3- Point C of model completion at 88.6 to 113 0X and at 161.8 to 224 AB
sell style
1- There is no specific correction for A
2- Point B is a correction from 113 to 161.8 from XA
3- Point C of model completion at 88.6 to 113 from 0X and at 161.8 to 224 from AB
below you can see one of our trades on shark pattern , and other educational content and some other trades on it
The Shark model was discovered in 2011 by Scott Carney.
It is somewhat similar to the crab pattern, and the most important characteristic of this pattern is that it depends on the 88.6 Fibonacci correction ratio
This model was created by combining Fibonacci numbers with Elliot Wave Theory.
The shark model is characterized by the need to specify the points for determining the model points, which are x, a, b, c, and the beginning of the structure of the model is point 0. In the shark model, point B exceeds point x
buy style
1- There is no specific correction for A
2- Point B corrects 113 to 161.8 from XA
3- Point C of model completion at 88.6 to 113 0X and at 161.8 to 224 AB
sell style
1- There is no specific correction for A
2- Point B is a correction from 113 to 161.8 from XA
3- Point C of model completion at 88.6 to 113 from 0X and at 161.8 to 224 from AB
below you can see one of our trades on shark pattern , and other educational content and some other trades on it
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