Get started

Bearish Shark

USDJPY-Weekly Market Analysis-Jul21,Wk1If you are worried about the Bearish Gartley Pattern(you can check the link at the bottom within my tradingview profile) for violated on the 4-hourly chart, worry not. Do remember that the Bearish Deep Gartley Pattern formed on the Daily timeframe and base on the 1-hourly chart, we have shorted the Bearish Shark Pattern. As long as the candle didn't break and close above the trendline(Profit Trendline) on the 1-hourly chart, you are pretty safe.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Jun21,Wk1If you have been waiting for the Bearish Bat shorting opportunity(chart at the bottom) and you had missed it, well, it looks like a better opportunity might present itself for a trading opportunity. After the candlestick pattern has confirmed, I will short the Bearish Shark Pattern at 1.4228 regions for a counter-trend or trend reversal opportunity. Coincidently, my student has the same view on the GBPUSD market movement, you can check out his analysis below.
Short
by RaynLim
1
EURUSD-Weekly Market Analysis-Jun21,Wk1Well, if you are a Harmonic Pattern trader and you wonder if I have selected the wrong investment strategy, nope, I didn't. On the higher time frame, there is a Bearish Shark Pattern(check the link at the bottom) and I'm waiting for a shorting opportunity on the Shark Pattern. For traders who agrees with me, you have to be aware of a Bullish Butterfly setup on the 1-hourly chart(although it is likely to fail, you still have to be aware that it completes at 1.2123).
Short
by RaynLim
NZDJPY - Failure Shark PatternThis looks like a regular shark pattern and it is a valid bearish shark pattern, but I'm seeing this harmonic patterns has a 90% chance of failure, meaning to say it is most likely to have a bull run than a bear run. I've been trading harmonic patterns for 10years and on my personal observation when certain setup matches others, it will give a sign of the pattern succeed or fail. While lots of traders love to show what happen when they hit profit, I love to share my thought process before the trade happen.
Short
by RaynLim
4
AUDUSD - Bearish SharkHave you shorted this wonderful setup? The beauty and challenge of this trade is that it has a Bat Pattern within the Shark Pattern. The good thing is that it completes at the same point and the bad thing is that by the rule of it, the bearish bat pattern has a stronger influence over the bearish shark pattern. Either way, I'd shifted stops to entry and observe closely how the market react at the 1st target. And also, on the daily chart, it has a head and shoulders formation, although it didn't fit our criteria to short it does give additional points to the entire setup.
Short
by RaynLim