The Shark Pattern is dependent upon the powerful 88.6% retracement and the 113% Reciprocal Ratio, works extremely well retesting prior support/resistance points (0.886/1.13) as a strong counter-trend reaction.
Bitcoin has completed this Cypher pattern on the hourly
After accurately identifying a potential trade opportunity, the actual price level for the execution must be determined... Primarily, the validity of the pattern must be determined and the final action of whether or not to execute the trade or must be determined. The harmonic Trader: Volume1
The perfect Bearish Bat pattern is primarily defined by an exact 0.50 retracement at the B point. The Price Reversal Zone must possess an 0.886 retracement as the defining upper limit, and this area should be complemented by a 2.0 BC projection Harmonic Trading: Volume One
A B point that is less than a 0.618 retracement, preferably a 0.50 or 0.382 of the XA leg, defines the Bearish Bat pattern
• The price point alignment of harmonic patterns is essential. • Each pattern must possess an exact alignment that must not be violated. • The most significant point in all harmonic patterns is the mid-point (B). Harmonic Trading: Volume One
The 0.886 XA retracement is the most critical level in the Bearish Bat. Since this retracement occurs close to the prior low—which is the initial starting point (X) of the pattern the price action represents a substantial challenge of prior support.
Bearish Cypher completed at 0.786 level and is now consolidating above entry. looking for possible move to the downside
AB = CD aligns nicecly at 0.786 Retracement of XA for a potential Gartley pattern on GBPCAD
Possible Bat pattern On CADJPY 0.886 level as extreme limit within PRZ zone
Bullish Bat nearing completion Watching PRZ at 79.146 area for potential Buy
Gartley formed on NZDJPY Pushing up to 1.27 extention of A - B leg
Bearish Bat on Gold comming close to completion Thanks @troyreklaw for pointing this oportunity out
Bearish Cypher pattern comming close to completion on EURUSD