Shark Harmonic Pattern, often signals a potential REVERSAL
Shark Pattern:
The ratios seem accurate (e.g., AB=0.886 of XA, and CD=1.13 or 1.618 of XA).
"D" falls near the completion zone, aligning with the harmonic guidelines.
Support Area:
A strong support level of around 0.5800 adds confidence to the potential reversal.
Price reaction near this area supports bullish momentum.
Buy Signal:
It could confirm a reversal if the price sustains above 0.5800 and breaks higher (e.g., beyond 0.5880).
Next Steps:
Entry: Consider entering near the "D" point with tight risk management.
Target: Aim for the previous resistance zones, e.g., 0.6000 or 0.6100.
Stop Loss: Place stops below the support (e.g., 0.5780).
Monitor closely for bullish confirmation candles or increasing volume to validate the trade. Let me know if you'd like further refinements!
The ratios seem accurate (e.g., AB=0.886 of XA, and CD=1.13 or 1.618 of XA).
"D" falls near the completion zone, aligning with the harmonic guidelines.
Support Area:
A strong support level of around 0.5800 adds confidence to the potential reversal.
Price reaction near this area supports bullish momentum.
Buy Signal:
It could confirm a reversal if the price sustains above 0.5800 and breaks higher (e.g., beyond 0.5880).
Next Steps:
Entry: Consider entering near the "D" point with tight risk management.
Target: Aim for the previous resistance zones, e.g., 0.6000 or 0.6100.
Stop Loss: Place stops below the support (e.g., 0.5780).
Monitor closely for bullish confirmation candles or increasing volume to validate the trade. Let me know if you'd like further refinements!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.