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Shark

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.
Long
by RaynLim
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.
Long
by JohnSwipe
1
Potential Shark Forming!DXY - Potential shark forming at strong PRZ (Weekly resistance) The Dollar is in need of a pullback haha, i'll be waiting for the B point to break before really looking for this shark to complete/using it as a BIAS. 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.
TVC:DXYShort
by benalistarfx
CROMPTON GREAVES - SHARK PATTERNThere is a Shark pattern formation on the weekly chart of Crompton Greaves. The Stock has been holding the first Prz zone of the pattern for the past many weeks. There are many ways Shark pattern can be traded, I am sharing the easiest method that I follow mostly One can Enter a limit order to buy between the 88% and 113% retracement levels. (looks for positive price action for confirmation) 1st Prz : 370-383 2nd Prz : 330-332 Stop loss at the 127% extension of the XC leg. SL below 310 levels Type of trade : positional Disclaimer : Trade at your own risk.
NSE:CROMPTONLong
by manuagarwal21
ETHUSDTHi This analysis is a combination of Elliott waves and Elliott and harmonic patterns. According to this analysis, the atrium is in a corrective phase. The correction pattern is a large flat that is shown with A,B,C waves. The C wave consists of 5 Elliot waves, which waves 1, 2, 3 and 4 are formed and it will have the 5th wave. I guess Wave 5 (of the wave C) will end with the Shark pattern OR hitting the end of the drawn channel. At the end of the wave C in the areas marked on the chart,flat pattern is completed and we will have a new trend(Uptrend)
BITSTAMP:ETHUSD
by Mahsamahdavi_trader