TAP molson coors potential bearish shark pattern

TAP has all the requirements to be a a bearish shark harmonic pattern except for point D has not been met yet. TAP has also broken out of its 2016 downward channel after making a double bottom. The neckline of the double bottom is currently being tested as confirmation. Plenty of momentum on the weekly timescale for TAP to continue to point D. A short sell at point D with a tight stop loss provides the best r:r of the harmonic pattern.
beerbulkowskiChart PatternscoorsHarmonic PatternsTechnical IndicatorsmolsonpatternsSharkStocksTAP

Disclaimer