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Shark

flirting at the neckline (bullas tp)lotta bear confluence here...which is my local bias. i do think recent low was a longer-term bottom we will range at for a lil while but nfa... resistance is 2pi arc of the smaller circle you see (radius = between those two tops) bearshark zone as well (included some bull harmonic possibilities) ihs neckline ihs and hs "fakeouts" are actually just PA following a curved neckline imo (just like irl :-) ) ...trendlines are not straight NFA...expect the unexpected! a break here would be bullish to mid-twenties imo (w/successful retest)...lots of alts looking juicy if that happens
INDEX:BTCUSD
by FinanciallyCodependently
Shallowest Retracement for BTC to Complete Bullish Shark is $10kDrawing a bullish shark pattern, starting at the Covid crash in 2020, the shallowest retracement to meet the requirement for the pattern is the .886 which lands us at $10,109.08. The deepest retracement (1.13) would land us at $3,143.90. The Shark is the only M-shaped harmonic that I am aware of where the second peak is higher than the first peak. I drew it using the XABCD tool. Not sure if that's weird but I believe I'm still able to draw the shark correctly. Not sure if there is a better tool to use for this?
BITSTAMP:BTCUSD
by wuliwong
GBPUSD-Weekly Market Analysis-Jun22,Wk3What we witness is the move that we had engaged and shared before the actual move was made in this Bearish Shark Pattern setup. It took 2 weeks after completion for it to went past our target1, but the movement is worth it, a 348pips move and what the trader is required to do is to engage the trade, place the stop-loss and target profit level and wait for the market to fulfil the order. This week GBPUSD will be the most volatile pair and that's because both UK and US is going to have their rate decision and both countries are likely to increase their bank interest rate. Stay away from this pair if you are not ready to manage it.
Short
by RaynLim
Thoughts on EURUSD (Bearish possibilities)Hello again! I have this deep analysis on EURUSD on 2 possibilities to go short based in my analysis on trend analysis, chartism and mostly harmonic patterns. I'll explain the 2 scenarios I have and take notes for it to be possible. Possibily 1: Last week an ideal bullish AB=CD pattern with 0.618 : 1.618 ratios was formed and if it still goes up it could complete a shark pattern entry 2 that coincides with the ending if an AB=CD pattern with ratios 0.382 : 2.24 is also formed. The zone is by itself really harmonic, but we have to wait carefully and I'm expecting it to react at 1.08210. Although is looks like a really good zone to sell, there are 2 ways that this analysis could be invalidated (either the price falls under previous low formed or it is not formed until june 8th). Anything is posible in the market, so I recommend to watch out that zone in blue. Possibility 2: Remember that I shared a bearish idea because of a rising wedge and it has hit TP1, but because it hasn't gone up, it's still valid and that's possibility number 2. If the price falls under previous low (invalidating possibility 2), we can expect the price to retest at 1.0705 and go to the final TP on the rising wedge. I recommend you to wait for candlesticks confirmation and then sell. Now if it goes up and consolidates between and nothing interestingly happens, then discard both possibilities, I'll update if necessary. Do you have any other ideas? Let me know on the comments.
Short
by pinoso
1
GBPUSD-Weekly Market Analysis-Jun22,Wk1A Bearish Shark Pattern has been completed and I'm waiting for a check back at 1.2652 for a trading opportunity that could head towards a potential Head and Shoulders setup on the daily chart and a Bullish Gartley pattern on the 1-hourly chart. The order of the move makes a great difference on the profit potentials. The best outcome would be the Gartley Pattern on the 1hourly chart, 1.2573 forms up before the check back of the Shark Pattern on the 4-hourly chart, which is the current timeframe for the maximum income potentials.
Short
by RaynLim
(Episode #556) GBPAUD - Bullish SharkThis is a very different Weekly Market Analysis, seldom do I share a Weekly chart setup but this is special and close to my heart, a Shark Pattern on GBPAUD Weekly Chart. The Bullish Shark Pattern is valid, if you have deep pockets, you can consider this trade, you are looking at more than 1,000pips of potential profit to only Target1. Yes! You read it right, more than 1000pips of profit potential. Personally, I will be watching this trade closely in the lower timeframe for a trading opportunity. This could be my trade of the year.
Long
by RaynLim