NZDJPY - Bullish SharkTo those who trade based on currency correlation, this is one setup you have to look at. On the surface, the NZDJPY and NZDUSD both have a Bullish Shark Pattern on the 1-hourly chart, but if you look closely at the 4-hourly chart, you will be able to see the future of these two pairs differs from one another.
On the NZDJPY, the Shark Pattern is more direct, in and out of the setup. However, on the NZDUSD setup, there is a potential trading combo setup.
Check out the related ideas at the bottom of my tradingview post to learn more.
Sharkpatterns
NZDUSD - Bullish SharkProbably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen.
What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that happens, I'm going to head in for a shorting opportunity and might just ride the wave down on a Bearish Flag Pattern that could form on the 4-hourly chart.
You can check the related ideas at the bottom of the tradingview post on the potential bearish flag pattern.
MRNA harmonic 886 retracement. Interesting i article I found on the web on retracements. Different pattern but the idea is the same context. "short XA retracement particular, I realized that the B point within a Gartley-type structure that was less than a 0.618 would almost always exceed the expected 0.786 retracement of the XA leg at the projected completion point. I showed Jim this new pattern — called “the Bat” — which used what I was calling a “deep 0.786 retracement.” I told him that executing at the 0.786 without regard to the structure was a critical mistake. Besides, the 0.886 retracement, when used in the correct pattern structures, reduced the amount of risk in previously “undifferentiated” Gartley set-ups by 10 percent."
old.harmonictrader.com
I hope you enjoy the TA.
Perfect automated detection of Shark PRZ - LongA Bullish-type big Shark pattern may occur when drop to 1.0485.
There is also a support zone at 1.048-1.054.
(In this support zone, there was a rebound in Feb 2022, Sep 2021,...)
Long after pattern generation and seeing the rebound. At that time, be careful of re-inversion in the resistance zone of 1.063-1.066.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of Shark & AB=CD PRZ - ShortA Bearish-type Shark pattern occurred near the resistance zone of 1.327-1.334.
(In this resistance zone , there was a rebound in Oct 2020, Jun 2020,...)
If the price rises further, a Bearish-type AB=CD pattern is likely to occur.
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 1.285-1.306.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of Shark & BlackSwan PRZ - ShortA Bearish-type Shark pattern occurred within the resistance zone of 1.490-1.504.
(In this resistance zone , there was a rebound in Mar 2020, Oct 2019,...)
If the price rises to 1.496, a Bearish-type BlackSwan pattern is likely to occur.
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 1.406-1.434.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
EUR/AUD:SHORT For SHARK Pattern RESISTANCE RSI Stoch SELLShark Pattern on EUR/AUD with the D point or reversal point exactly in confluence with a Resistance line. RSI turned Bearish and Stochastic Ready to fall from the overbought area. Additionally, the price had a strong rejection from the 200 Moving average.
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
Bearish Shark Pattern (USDCHF)Beautiful formation of shark pattern respecting 0.886% of XC and
2.24% of BC. Entry is perfect as it forms an inverted hammer at Daily TF.
TP 1 and TP 2 are setup @0.38% and @ 50% of CD respectively. It will then
follow a 5-0 pattern opening a bullish entry at the 50% fib level.
Perfect automated detection of Shark pattern - ShortA Bearish-type Shark pattern occurred within the resistance zone of 0.9830-0.9870.
(In this resistance zone , there was a rebound in Mar 2020, Feb 2020, Nov 2019,...)
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
Tata Consumer Product Ltd . The beauty of Trend & PatternsThe idea here is about :Tata Consumer Product Ltd.
I thought of publishing this to show the beauty of how the trend is interconnected with harmonic, wave patterns & market sentiments.
Below are the points taken from the chart:
1. On 15th September 2021 downtrend channel begins & till 16th November 2021 chart completes double top & Bearish ABCDE pattern.
2. From 16th November 2021 till 20th December 2021 price sees a downtrend breaking the previous support zone.
3. From 20th December 2021 till 14th January 2022 price retraces but gets rejected from the previous support zone which is now become a resistance zone.
4. From 14th January 2022 till 7th March 2022 price continues in the downtrend direction forming a falling wedge pattern.
5. From 7th March 2022 till 2nd May 2022 price moves in the opposite direction of the downtrend and breaks the downtrend channel. I see it as over brought zone. Price couldn’t keep the upward momentum & again gets back in the downtrend channel from 4th May 2022 till 26th May 2022 and tests the newly formed support zone.
6. From 26th May 2022 to 7th July 2022 price tries to break the downtrend and forms a ascending triangle, price breaks the downtrend successfully on 8th July 2022. This is a clean break out of the downtrend channel.
7. 8th till 14th July 2022 price retests the downtrend and confirms a upward momentum.
8. From 12th July 2022 till 12th August 2022 price completes shark pattern.
9. Shark Pattern: The shark candlestick pattern is a new harmonic chart pattern discovered in 2011 by Scott Carney that indicates a trend reversal possibility.
Entry, stop loss & Exit targets are provided for understanding the shark pattern on the chart.
As traders we cannot foresee things clearly until certain points are established on chart. Therefore it is always better to have patience and wait for clear signals before we make our move in the market.
One should always swim along with the market instead of hopping on and off at the wrong time.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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BTC BOTTOM at 11,250Bullish shark harmonic pattern, with an AB=CD x 1.618 inside the ABCD leg of the Bullish shark.
The Bullish shark points to 0.886 fib of COVID crash to top (69k) which is 11,250.
The AB=CD x 1.618 of the ABCD legs is also 11,250.
Sorry guys, it aint going any lower than that :))
TP1 = 40k
TP2 = 46.9k
TP3 = 104k
If 47k breaks, i would look to LONG to 104k.
Perfect automated detection of Cypher pattern - ShortA Bearish-type Cypher pattern occurred near the resistance zone of 1.476-1.504.
If the price rises to 1.484, a Bearish-type Shark pattern is likely to occur.
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 1.406-1.434.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of Shark pattern - ShortA Bearish-type big Shark pattern occurred.
Also on the daily chart, Bearish-type Shark is occurring.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of Cypher & Shark PRZ - ShortA Bearish-type Cypher pattern occurred near the resistance zone of 0.983-0.987.
A Bearish-type Shark is likely to occur as the price moves closer to the resistance zone.
Short after Shark pattern generation and 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
Perfect automated detection of 3Drive pattern - LongA Bullish-type 3Drive pattern occurred.
Also on the daily chart, Bullish-type 3Drive pattern is occurring,
on weekly chart, Bullish-type Shark pattern is occurring.
Long after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Harmonic PatternsHarmonic Patterns
we have so many kinds of “Harmonic Pattern”:
Black Swan
Bat
Crab
Butterfly
Gartly
White Swan
Shark
Zero_Five
Cypher
Double Top
Double Bottom
📚👌🏻 Each one of them has its unique Fibonacci levels.
⚡️ Do you want to know them?
😍 Happy to see what you find in the charts, please share yours with us
Scenario 2 (Bullish Shark) 19.5k OR 18.3kBullish Shark pattern target is matching the numbers - it says 19.5k for the 0.886 fib, or 18.3k for the 1.618 fib. Either one can happen.
The 1.113 fib has confirmed our top for BTC at X-B (it head dead on)
I have changed my LONG to order at 18.3k, with the same LONG TP as in the "Link to Related Ideas" chart I posted yesturday.
The thing that convinces me is the 1.113 of OX is the exact same point as the 1.618 of AB, that is 18.3k.
Therefore, I am leaning more towards 18.3k.
18.3k would also make a lot of Bears think its going much lower (bear flag fakeout).
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Bullish Shark rules:
The Shark pattern has the following ratios.
CONFIRMED - AB leg extends OX leg between 113% – 161.8% (because of this, 26.5k is also kind of possible but not likely now, whales just pushed price up to form this harmonic and then BARTed it.)
CONFIRMED - BC leg extends beyond O by 113% of the OX leg
LETS SEE - BC leg is also an extension of AX by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is at 88.6% of OX leg (19.5k) with stops coming in below point C (18.3k or 19.5k, so lets say 18.1k)
Targets can be 61.8% of BC (This would be around 22,222 if 1.618 reaches and 22.7k if only the 0.886 reaches)
EURUSD-Weekly Market Analysis-Jun22,Wk2A Potential Bearish Shark Pattern may form up at 1.0823. What I will be focusing on will be the candlestick pattern formation at PRZ. If the candle touches 1.0823 but didn't break and closes above 1.0805, I will expect a stronger bearish move, and that is because it completes at the Bearish Crab Pattern HOP level.