Nenstarpattern
Perfect automated detection of Shark & Nenstar PRZ - ShortA bearish-type Shark pattern occurred.
If the price rises to 1.6938, a bearish-type Nenstar pattern could occur.
Also on the weekly chart, bearish-type Shark pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of Shark & Nenstar PRZ - ShortA bearish-type Shark pattern occurred.
If the price rises to 1.5026, a bearish-type Nenstar pattern could occur.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of Shark & Nenstar PRZ - ShortA bearish-type Shark pattern occurred.
If the price rises to 8.342, a bearish-type Nenstar pattern could occur.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of Shark & Nenstar PRZ - ShortA Bearish-type Shark pattern occurred within the resistance zone of 17.475-17.619.
(In this resistance zone , there was a rebound in Feb 2022, Dec 2021,...)
If the price rises to 17.774, a Bearish-type Nenstar pattern is likely to occur.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Common features of all bullish harmonic patterns.www.tradingview.com
By combing all bullish harmonic patterns together, we can observe the following:
1. The Bat, Cypher , Gartley and Shark pattern point D is (0.786 - 0.886) XA without breaking the low.
2. The Butterfly, Nenstar , Crab and Deep Crab point D is (1.272 - 1.618) XA after breaking the low.
3. Point C band is common for all patterns (0.382 - 0.886) AB
4. Pint B band is common for three patterns ( 0.382 -0.618) : Bat (upto 0.5) , Gartley and Crab, with the Gartley pattern point B fixed at 0.618 XA
5. Patterns breaking out of Point A high have a band ( 1.13 - 1.61 )AB
SPX: Nenstar inside Cypher: Double SharkWe got a big 'W' which is Bearish. The right arm of W is lower than the left was; it is a Cypher.
The Nenstar inside the Cyper was a smaller formation with a larger right arm than left; hence, Nenstar.
Both Shark patterns; both 'W's and both Bearish. Get ready to Fill My Gap!!
This is not trading advice and should be taken with a grain or even a full shaker of salt; trade at your own risk, GLTA!
SPX in EW 2 of Impulsive Shark DT after Island Top ReversalUp TL broken; DT in progress, Bear Rally = EW 2; Chart details suffice IMO; Shark Nenstar is in play, Tar 2498-2530;
Res Ipse Loquitur!
EW Projections are Estimates based on most common occurring Fibos;
This is NOT investment advice; trade at your own risk; GLTA!!
Ref: JJ Murphy, Fig 4.10A, p. 72 (TL Rejection) and EW Chapter Theory:
cdn.preterhuman.net
Ref: EW Leg common Fibos, ref chart: "Characteristics of Waves":
www.metatrader5.com
SPX Bearish Nenstar (Shark) completing at 3047-3060Bearish Nenstar harmonic, cousin to shark, cypher, bat/butterfly patterns; a Gartley variant. Typically the selloff from pattern completion at D is a .50 retracement of the CD leg up. In this case, price would be expected to drop ~150 pips to close the gap at 2864.
Nenstar and Cypher patterns are variants of Sharks. Basic form: C is lower than A. In Bearish Butterflies & Gartleys, C is higher than A.
Sharks: Nenstar D is higher than X, Cypher D is lower than X. All variants of the same theme = 'W' pattern leading to price correction.
Nice examples here: www.traderslaboratory.com
NB: Final move C-D in Nenstar may extend to 1.272 - 2.00 of A-B. In this case, 147 pips for AB x 2.00 = 3060, maximum pattern height.
This is just an idea and in no way constitutes investment advice; GLTA!!
Shark/Nen Star GBPUSD 1DHi guys,
we can see possible formation of Shark pattern and/or Nen Star pattern.
TP zones are set and can be seen on chart.
Follow price action as it gets near Fibonacci levels, and if pattern is confirmed, watch for price action and watch for EMA50 at TP levels.
Good luck while waiting.