ETH USD Harmonic Shark Price reversalEtheruum is on the move of price reversal.
It has already made a high of $1439 and the projected between 1.13 to 1.618 Fibonacci level of XA. Now this pattern is creating a typical Harmonic Shark Pattern. Which is a bullish reversal in deep.
We can expect a PRZ between $640 to $ 607. SO there might be the downfall of around $1200 estimated but this is the most compact zone of reversal which can be estimated from the calculation of different reference points but the downfall may touch 443 level also as per the reference points, chances are less.
Though this is a bullish reversal so the targets are given with the dotted levels.
This calculation is totally my viewpoint. Please trade according to your thought process.
Shark
Nifty 50 Bullish Reversal Harmonic Pattern Nifty 50 in its all-time high and has started a sideways movement which has supported by Shark harmonic pattern in the hourly chart.
The expected move could be until D point i.e. 12878 to 13010 level downwards. We can find quality support on that price point.
Please create your strategy accoudingly.
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
NiftyAs expected now trading at the upper end of the range. In hourly time frame it has entered into a Bearish Harmonic Pattern Shark prz. As per Ichimoku also its currently at both hourly and weekly resistance. A retest of yesterday's low near 11200 is probable. View would negate if it sustains above 11425.
AMARAJABAT Bearish Shark Pattern 10-Jul-2019AMARAJABAT formed Bearish Shark Pattern for SELL
*Educational Ideas*
BPCL - Bullish Shark Pattern Formation (Scenarios)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,