Under Armour, Inc: Sitting at PCZ of Bullish SharkWill be trading this via the Janurary 20th, 2023 CALLs at the Strikes of $9-$10 As we Potentially Double Bottom while Testing a Previous Resistance Zone as Confirmed Support.
Shark
UAA, bullish retest falling wedge. Under Armor, a stock I have been watching closely.
Multi-year falling wedge breakout and retest. Volume is screaming capitulation coming into 07 high of $9.28.
RSI on the macro TF'S are oversold so I am very interested.
Trading at a lower P/E ratio than peers in the sports brand sector.
10 SMA tracking sideways indicates a sideways moving market and we are certainly at the lows of the range ($7.15-$27.5) so slowly nibbling into weakness is the way I'm playing.
Initial targets of the 10 SMA lining up with the eq of the range at $17.30.
I'm not really a big harmonic kinda guy but we have a bullish shark in play, SL-$5.97 TP1-$16.41 TP2- 26.19
FSRLONG-TERM: Bullish shark (smaller BD wave), Classic Bullish Divergence Developing, Tweezer Bottom Around All Time Low Retest, Testing Channel Breakout. (not financial advice)
Bullish Shark on the 1hr BTCHello, we got a bullish shark forming on the 1hr bitcoin chart. A shark harmonic pattern has the XC .886 to the 1.13 buy area zone. However, you'll know the entry zone if the BC extension is of at least a 1.618. There it lines up with the .886 so we know that the entry for the price reversal zone is with the combination of the .886 and 1.618 BC extension and not at the 1.13 for this one.
According to Scott Carney, harmonic trader, from harmonictrader.com, he states we should take at least 50% position off at the 50% retracement up from the whole bullish pattern. This is because the shark pattern, if it hits the 50% retrace profit target, that is where a bearish 5-0 pattern completes.
USDJPY-Weekly Market Analysis-May22,Wk3The moment the trendlines have been violated, they can be repurposed as an indication for a shorting opportunity. If you head in for the short, you are taking the counter-trend move or trend reversal move. Do note that trend reversal happens only once or twice out of ten times. Do take a conservative approach if you have that trading plan.
There are two-level that traders can take note of, the blue box that indicates the buy zone and the Bullish Shark Pattern completion at 124.28.
GBPUSD - Bearish SharkYes, this post is about a Bearish Shark setup, but check out the daily chart on the link within tradingview, you will see that the market respects the ABCD Pattern at its HOP level, 1.2186. A counter-trend move on the daily chart.
The intraday traders can wait for a pullback within the cyan box that's marked buy zone for a buying opportunity.
You can observe how the candlestick interacts with the buy zone. One of the levels you have to observe is the candlestick formation at the Shark Pattern completion price.
ALGOUSD: Hidden Bullish Divergence at an .886 Visible on WeeklyWe have a Bullish Shark Here and if it plays out we could first see a rally to the 1.13 Extension above and as high as the 1.618 Extension Above
USDJPY Buy opportunitywe have harmonic patterns ( cypher and shark )
so i thing price will be up from point d (127.95 or 127.44) to target 129.866
Stay green
Bitcoin-BTCUSD_D1 Bullish Shark Pattern, Possible Bullish ReversBitcoin-BTCUSD_D1 Bullish Shark Pattern, Possible Bullish Reversale From this zone. Like and Follow Me. Thank You.
Shark Almost Complete!USOIL - Shark almost complete, wanting a pullback into that 1H supply zone/imbalance before looking for continuations down to the D point!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Bearish BAMM Targeting $2We have cracked below the 5 and 13 Month EMA and are on the way to testing the Potential B level of this Shark. If price goes below the B Level we could see an Accelerated Move down to the 2 dollar area to complete the BAMM.
Double Bottom at PCZ of Bullish SharkBuying here in anticipation of a Potential Bullish Shark Confirmation Low.
Bitcoin Analysis 5/9/22 Pt 4 (Bullish Shark)Bitcoin appears to be forming a Bullish Shark pattern on the 1 Day Chart. The next target of this pattern is supposedly around $31k.
GBPJPY - Bearish Shark PatternA shorting opportunity presents itself as a Bearish Shark Pattern that completes within the sell zone at 162.89. The completion of the Shark Patten enable me to combo the trade to the Potential Head and Shoulders Pattern in the Daily Chart.
USDJPY-Weekly Market Analysis-May22,Wk2USDJPY has lots of interesting trading opportunity. Start off with the 1st zone of the staircase formation.
The Green Zone(1st Zone) you can wait for shorting opportunity at the top of the box and buying opportunity at the bottom of the box.
The second chance to engage the trade is when the market retest the trendline but fail to break and close below it.
The third chance entry for trend traders would be the Bullish Shark Pattern setup that completes at 124.30.
Which setup do you prefer?
Comment down below and tell us why.
GBPUSD-Weekly Market Analysis-May22,Wk2GBPUSD has hit the Weekly Chart's demand zone. You can wait for a double bottom with RSI Divergence for a buying opportunity.
I would put the first target at 1.2482, that's the price I'll shift stops to entry. I might stretch Target2 to the Bearish Shark Pattern on the 1hourly chart.
EURUSD-Weekly Market Analysis-May22,Wk2EURUSD has a Bearish Shark Pattern, the first target has been reached. Counter-Trend Traders could wait for a counter-trend trading opportunity, like Double Bottom with RSI Divergence to engage the trade.
The earliest you can wait for a buying opportunity is at 1.0537. Target1 will be the retest of the Shark Pattern, which is 1.0588.
Bullish 5-0 Inverted Head and Shoulders at PCZ of Bullish SharkWe have a Potential Right Shoulder forming at what would be the PCZ of a Bullish 5-0 Locally and the PCZ of a More Macro 1.13 Bullish Shark
NZDJPY - Bearish SharkA Bearish Shark Pattern complete on the 8 Rangebar charts is a perfect setup for scalpers.
A trade setup is a trading setup after all. The setup completed at 83.92, if you are late to the trade, it's better for you to sit out of this.
The reason for that is because the profit isn't a lot and by entering late, in the long run, you will jeopardise your trading portfolio.
AUDCAD - Bullish SharkA Bullish Shark Pattern is completing at 0.8959, trend traders could wait for a candlestick confirmation like the 3-bar reversal to engage the trade.
Bullish Shark NZDUSDSwimming with the sharks. The 1.13 as a reversal point (rather than a new low/trend continuation) always feels risky, but we're trading harmonic patterns so there shouldn't be any room for emotions. We're in the buy zone and TP should at least partly be between 0.6557 (1.0 reciprocal ABCD) or ideally 0.6810 (61.8) since the ABCD completes above the 50% retracement. In my experience, sharks often move beyond these zones and turn into 'homeruns', beyond the 61.8 so watch price action around there. However, a partial TP should be mandatory as it could just as well (temporarely or for a complete reversal) move backdown at the 5.0. Actually, that should be expected.
