I'd engaged this Bullish Shark 🦈 Trading setup an hour or more earlier at 99.60. It's sad to see that first target doesn't have a Profit Factor of 2 like it usually does. Please do not chase the trade even if you agree.
On the other hand(check the link at the bottom), trend traders can wait for a Bullish Shark Pattern confirmation at 1.0510 for a buying opportunity. The structure-based trader could look for your buying opportunity at 1.0536
The Weekly Chart has a Logsclae Bullish Shark and Falling Wedge and is looking to atleast reclaim that 61.8% Retrace Area.
A potential Bullish Shark Pattern is looking to complete at 1.3039, visually it is close to the Weekly's Chart Key Support Level at 1.3004. The perfect setup would be the candlestick wick touches 1.3000 but close above 1.3039. This would bring 3 groups of traders to engage in the trade. 1. The Harmonic Patterns traders 2. The Structure Traders and 3. The Price...
Consider this a companion setup to the previous one that spotted a Bullish SHark at this area; that trade is sttill active at a 1.618 and so is this one the Bullish Shark setup is in the related ideas tab below.
SOL is in a Descending Broadening Wedge Visible with RSI Bullish Divergence Visible on the Daily and MACD Hidden Bullish Divergence Visible on the weekly at the PCZ of a Bullish Shark
On the higher timeframe analysis, my analysis on the Head and Shoulders trading setup still stands, despite the setup going off a bit. My plan to engage in the trade depends on this Bullish Shark Pattern setup. A candlestick pattern confirmation at 0.6357 is vital for that trading decision.
ETHW sits at a Support Zone and above the .0.236 from High to Low at the PCZ of a Bullish Shark. It is bottoming out for the second time while showing extreme amounts of Bullish Divergence on the second Bottom. If this plays out i think it can atleast rise up to the .886 from here.
I think based off how things went with Oil prices rising that we will likely invest more into clean energy rather that's the right answer or not it seems like it will be the next logical step to prevent a similar situation in the future. Right now we are at the PCZ of a Bullish Shark with Bullish Divergence on the weekly and i will be accumulating shares within...
There are alot of reasons to think it could go up even higher based off the much bigger Shark and Butterfly zoomed out to the left but for the day trader my focus is on this smaller local Shark with a target at around $40
A bullish shark setup on the 1hourly chart gives me an opportunity to head on this counter-trend move. Being a season counter-trend trader I know the next level of resistance is as equally important. I will pause and see how the candlestick pattern reacts at 81.26. What I wish to see is a break and close beyond(above) 81.26. Let's roll p/s: do your own analysis...
My money is in the Bearish 5-0 Pattern within the NZDUSD chart. That's an important trend trading setup and gives me the opportunity to ride onto the wave. But in order for the 5-0 Pattern to be valid, the Bullish Shark has to happen. Let's wait and see how the market responds from here. Question: Would you engage the Bullish Shark Pattern when it forms...
To those who trade based on currency correlation, this is one setup you have to look at. On the surface, the NZDJPY and NZDUSD both have a Bullish Shark Pattern on the 1-hourly chart, but if you look closely at the 4-hourly chart, you will be able to see the future of these two pairs differs from one another. On the NZDJPY, the Shark Pattern is more direct, in...
Probably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen. What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that...
ADA Right Now is Trading at the PCZ of a small Bullish Gartley(The Harmonic furthest to the right) and a Bullish Cypher(The Harmonic in the Middle) and A Shark(The Biggest one to the left) Usually ADA tends to lag after XRP so as long as BTC holds these levels we should be able to see ADA break above the trendline from here in the coming weeks or atleast test the...
BTC has given me great reasons to be concerned that we would break through our PCZ and pull down into the 78.6% Retrace below but despite how many times it's tried it's managed to hold the local 88.6% Retrace as support and now we will have confirmed a stopping volume candle on the daily if BTC's Daily Volume doesn't change much in the next 15 minutes before the...
Have a closer look at NZDJPY, a 4hourly chart. My setting to the chart is (UTC +3), which means the candle close will happen at 1 pm (GMT +8). For this setup, I will not wait for confirmation on the 1hourly chart. You will understand why if you have a strong trading foundation.
BTC leading to the Fed SPeaking in the 21st may see a rally from the Support Zone it's been trading within. It formed this Bullish Cypher/Shark on the Daily and rallied about 61.8% of the way before failing and pulling back down again. This sorta action is very dangerous as it makes me think it could be a Bearish 5-0 that could lead to us making a lower low and if...