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Sharkharmonicpattern

ES1! - Macro - Medium to Long Term Bias 0.75 Fib Fan is a support and a resistance. All the lines in Grey, are interesting but the lines in color (colour) have significance to current time frames and price action. Fib fan drawn from past Monday 8 Feb 2016 to 18 Feb 2020. Low 1802.50 to high 3397.5 18 Feb. 0.75 Speed Fan seems to have been a support. Update to come. Confluence with Fib Fan drawn on recent low and high. Possible Shark Harmonic on play. Having trouble with the detail. Rough sketch for now.
CME_MINI:ES1!
by hmaroudas
ITC - Price Action Analysis The Trend has started by NSE:ITC already reached at the supply zone and also touched the level of 1.131 (Bearish Shark Pattern) at price 338.30 in weekly TF. As per the previous candle closing with rejection, we might assume some profit booking here. SELL : Short opportunity only arise if price breaks the previous week candle low which is 329.70 . BUY: buyers can wait till 300-303 or if its retrace further , you might seen the good correction up to 260 as well. If you have other opinions, please share your comment below and like & follow for upcoming great analysis. Safe Trading ;)
NSE:ITCShort
by vraj8597
5
Harmonic Cypher Perfects at Gapfill 4018The gap must fill. Short not until it does imo. Measured Move projected with price bands, +302 pips for a 1:1 move. Gap may fill Friday. Expect weakness before FOMC, then a stupid bullup as follows: 7/27 1400 rate decision; initial ludicrous pop followed within minutes by a selloff. Price declines until ~1425 in falling wedge. At ~1428 EST J Powell will step up to the mic and make soothing comments. Irrational mad bullishness follows, rising price in giant arc up to close. Thursday after the hike could turn into a bloodbath. Last time bad news was so good they bought it next day. This time, who knows? Don't get caught short in these nutty rallies. The Shark Cypher is a giant W with right leg taller than left. Other variants include crab, nenstar, etc; nomenclature based on leg heights. It is a BEARISH construct which usually leads to lower prices after break from right leg. There is the short entry. Included RSI, Stoch and Stoch/RSI indicators for comparision to each other, these are interesting. All approaching overbought. Target: The gap to fill below at 3796. Price very unlikely to fall below lower BollBand imo. This is STILL A BEAR MARKET; all rallies are setup for lower prices ahead, until proved otherwise. IMO the LOTY is still not in; could be mistaken, let us see what madness transpires in October... GLTA!
TVC:SPXShort
by DaddySawbucks
34
BTC (Y20.P3.E25).Bullish. SHARK HARMONIC PatternHi All, ** A continuation from the previous related post for BTC anticipated drop ** The previous post was based on logical guess for a Gartley harmonic playing out however with the price hitting 12K and then dropping, it made way for a SHARK harmonic Hence if you know the harmonics, the Shark A to C extension can be 1.618 or 2.24 fib. as Targets T1 and T2 which have confluence of the correction wave and its fib retracement levels (right side, red fib levels). Be aware of the Bearish scenario and its criteria (dropping > daily candles closing below a level) A) If price drops below 10200, then to me its a bearish scenario; I'm not ruling out that price can wick down to this level, but this is not part of the criteria to go bearish; B) If price drops below the Daily 21 and closes below it, another bearish scenario; C) As per chart below, if price breaks the below trend line, another bearish macro scenario; I think that the ABC correction we are going through is not that bearish but who knows? I have T2 scenario because they never make it easy. Please give me a like or tick for this post. Regards, S.Sari The 2.24 extension target +++++++++++++++++++++++++++++++++++++++++++++++++++++ Referring to bearish scenario's of points B) and C), see chart below. Note: green ribbon is the 21 and 34 daily EMA PREVIOUS POST
Long
by ssari