LAPSFX-Sami

LAPSFX-Sami

The elements of trading the pattern The pattern starts (with 0) at the beginning of a long price move After 0 has formed, an impulse reversal at X, A, and B should have a 113 to 161.8 percent extension The projection off of AB has a 161.8 percent extension requirement to C. C can extend beyond the 161.8 percent extension but not beyond 224 percent. ...

LAPSFX-Sami

TP @ 1.20025 which is 2.24Fib of AB

LAPSFX-Sami Updated 

How to Trade the Bat Pattern The bat pattern market strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Bat pattern needs to fulfill the following three Fibonacci rules: AB= minimum 38.2% and maximum 50% Fibonacci retracement of XA leg; BC= minimum 38.2% and maximum 88.6% Fibonacci...

LAPSFX-Sami Updated 

Anatomy of a Dragon Pattern A. Head of the Dragon B. Formation of first leg C. Hump (must be 0.38 to 0.5 of AB) D. Second leg (can be 0.618 to 1.27 of AB) E. Trend line breakout (Long Trigger) F. First target at 1.27 of CD G. Second target at 0.886 to 1.0 of BC H. Third target at 1.38 of AB I. STOP: Place a stop few ticks below the lowest low of two legs.

LAPSFX-Sami Updated 

TP 1 @1.1383 TP2 @ 1.1322 Pending Buys at 1.1322

LAPSFX-Sami Updated 

Bullish Dragon 4 hour frame Buy zone at 0.732- 0.734 with targets till 0.782

LAPSFX-Sami Updated 

Buy Target Point D of CD leg which is 2.618 fib of BC leg Sell @ PRZ Point D target Point E. 1.272% of Fib extension of CD which can also be 1.13% ext of AD

LAPSFX-Sami Updated 

Leg BC of 2 potentail patterns ahead CYPHER / SHARK

LAPSFX-Sami Updated 

Leg BC of two potentail patterns ahead CYPHER / SHARK

LAPSFX-Sami

How to Trade the Shark Harmonic Pattern The Shark trading strategy like any other harmonic pattern is a five-leg reversal pattern that follows specific Fibonacci ratios. The harmonic Shark pattern differentiates itself from the other harmonic patterns by its five points setup being labeled as O, X, A, B, C. Also the termination point of leg B ends above wave X...

LAPSFX-Sami Updated 

Cypher Pattern – Rules The Cypher pattern starts with a market price that establishes the X and A points. Once this leg is determined, the pattern evolves. Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 – 1.414 Fibonacci extension level Point D is...

LAPSFX-Sami Updated 

The first 3 condition are met to form a pattern, Now to form a CD leg these conditions have to meet to name a pattern. Bat = 88.6% of XA leg Crab = 1.618% Ext of XA to confirm this price has to drop below Point B The Bat /Crab is void if price cross Point A Other scenario If Point A crosses Point C will be marked at 1.272-1.414 ext of AB

LAPSFX-Sami Updated 

If Leg BC = 38.2 fibo target is 1.618 of Fib extensions of XA, If Leg BC = 88.6 fibo target is 2.618 of Fib extensions of XA Buy @ PRZ is point D target 1st TP 61.8 of CD and 2nd TP 1.272 of CD

LAPSFX-Sami Updated 

Prefered to buy till 1.1625 and Sell for target 1.15660

LAPSFX-Sami Updated 

High potential

LAPSFX-Sami Updated 

Open Sell at C and TP and D, PRZ at Point D with 38.2 - 100% TP good luck

LAPSFX-Sami Updated 

After completion of present pattern 1 hour TF, next focus will be on 4 hour TP for potential Shark pattern.

LAPSFX-Sami Updated 

Trade Sell BC leg and Trade Buy CD leg Good luck