Alternate Shark
The Shark pattern has the following ratios.
BC leg extends AX leg between 113% – 161.8%
CD leg extends beyond X by 113% of the XA leg
CD leg is also an extension of BC by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is at 88.6% of XA leg with stops coming in at point D
Targets can be 61.8% of CD
BC leg extends AX leg between 113% – 161.8%
CD leg extends beyond X by 113% of the XA leg
CD leg is also an extension of BC by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is at 88.6% of XA leg with stops coming in at point D
Targets can be 61.8% of CD
Note
T1 hit
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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.
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.