chf/jpy black: entry green: tp1 & tp2 red: sl
Potential bearish shark @ 81.033 - Sell Limit took Place already :)
Late post....I know....Things got away from me this week, but I found this on Saturday night. Valid measurements for a Shark Pattern: C: 1.13 - 1.618 ---> (1.258) D: 1.618 - 2.24 ---> (1.618) Final X to D: 0.886 - 1.13 ---> (0.886) About 40 pips profit right now....lets see where this thing goes Instagram: _c_schultheis
Trend line resistance based on daily chart have been respected so far, price seems to be holding now. There is potential to short at the top of this ED channel, a bearish shark pattern has also been sighted. RSI is now at overbought level. Why one might not short : - Bullish engulfing candle - EMAs crossing, diverging - Events happening tomorrow morning in...
Hopefully the price will rally a little more and complete the bearish shark just below the W resistance zone
CADJPY Analysis This shark pattern has a very good risk to reward, about 4.5 & 8.5 respectively, PRZ is about 18 pips. In addition, the thick black dotted line is based on daily trend, might be a strong support line. I will follow up if pattern completes.
Price has hit the PRZ and is showing rejection at the moment. RSI is having a bearish divergence from the overbought level. I will short EURCAD on the next hour candle. SL : 1.48563 (127.2% extension of XC) TP1 : 1.47261 (50% retracement of CD) TP2 : 1.46395 (88.6% retracement of CD)
Actually I noted this pattern when I came across a ping in my private messages..else I might have skipped this. Here we have a bearish shark pattern ( I usually don't prefer sharks, bcos they are as dangerous as their name :) ). Its completion zone for LT is exactly in resistance zone, based on valid reversal confirmation I will initiate short positions here. If...
Nasdaq has not reached the harmonic target for short, the bearish shark, so be careful with any shorts. It might not complete and follow DowJones and SPX. However I believe the shorts are safe once it breaks 4400, til than patience.
We have seen that crude prices have recovered nearly $12 from lower levels. Technically prices have formed bearish shark pattern and can correct till $30. One should think to book their long position somewhere around $38.5-$39. Technically, short can be done around $40 with stop of $43.50 and could wait lower till $32.
Bearish Shark Pattern in GOLD Daily Chart!
Finally I see a probability to get a trade in GBP/USD, almost all the char ts are in a sharply downtrend, but the Bearish Shark projection in H1 chart can be taken. If the pattern is confirmed, I’ll target the 50% CD Fibo retracement and see if I can make a combo Shark – (5-0) pattern.
GOOD DAY EVERYONE! Potential pattern formations on USD JPY 60m If D completes, then I will look for an entry to SHORT this pair! All the best in your trading! CharlieFx
GBP/CHF potentially in bearish shark pattern in daily chart. We may go short today and put your SL around 1.55669. Put your first target profit in TP 1 around 1.53985, and maybe the price will temporary retrace around these area before continue to breakout to our next target in TP 2. Since we see this pattern in daily chart, this potential pattern still...
USDCHF has completed a bearish shark at confluent reversal zone. Unhit weekly and daily pivots add pressure to the downside. The new unhit daily pivot aligns with .382cd and makes for a nice target level. SL above S/R provides a substantial R/R. A more aggressive T2 may be placed at .618CD. Confluence in the PRZ: 1. Bearish Shark Completion 2. 1.618bc 3....
Possible Bearish Shark Be careful though! It's my experience that Harmonic is a bit more loose and unpredictable in Biotech. I'm long the stock right now. TWUC @BlawrenceM Follow me on twitter for intraday updates
Notations on chart! I'm long....looking for target at the circle ... At wave 5 & harmonic ABCD harmonic Circle at the 78.6 fib retrace of the x to c leg Fear not .. believe in what you see @BLawrenceM
Bearish shark 1.13 is key for the bearish shark C-keg now at 1.13 Fear not @BlawrenceM