the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate.
Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart and then wait until C-D retracement happens.
B-C leg has two Fibonnaci rules so you can watch two bullish scenarios. The final difference will be in your profit target because the C point has two different lengths.
You need to watch out that the A-B leg is reciprocal to C-D leg, AB=CD, to pattern be valid.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate.
Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart and then wait until C-D retracement happens.
B-C leg has two Fibonnaci rules so you can watch two bullish scenarios. The final difference will be in your profit target because the C point has two different lengths.
You need to watch out that the A-B leg is reciprocal to C-D leg, AB=CD, to pattern be valid.
Note
In the past, the concepts of "Idea," "target," and "sharps" were adjusted slightly upwards. In this context, "Idea" refer to a my thought, "target" refers to a goal or objective, and "sharps" potentially be a typo or a specific term related to a particular Target . Without further context.
Note
NVDA WILL RISE TO NEXT GOLDEN LEVEL AT 1.618'Note
Place a sell order for NVDA at the golden level of the Fibonacci at 710-735.Trade active
Note
Note
Selling targets for NVDA.Trade closed: target reached
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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.