NeeteshJain

BPCL - Bullish Shark Pattern Formation (Scenarios)

Education
BSE:BPCL   BHARAT PETROLEUM CORPORATION L
It is been observed on Daily chart that the price action is forming a harmonic ratio pattern called Bullish Shark Pattern. Now, I have shown two scenarios of the same chart where we can see retracement as per the chart measurments and pattern.

Retracement 1 (88.6%) - can been seen near 640 levels and Retracement 2 (1.13%) can be seen at 615 levels.

It is for the purpose to see how the pattern unfolds.

Incase, if you have traded Shark Pattern before, then share your experience below in order to learn from your experience.

Thanks,
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.