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Sharkpatterns

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”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:TATACONSUM
by Tron029
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
Short
by HarmonicLab
1
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). ----------------- 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)
COINBASE:BTCUSD
by reiiss7
4
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.
TVC:USOILShort
by ProFxAI
2
DOTUSDT Shark PatternThe Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern , except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13 reciprocal ratio of the initial leg. Targets can be various retracements of the CD leg, all the way up to C itself. There are different methods of determining where the stop would go. Some put it beyond the next structure level after the D point, others choose the 1.41 extension of XA. Conservative traders look for additional confirmation before entering a trade based on an indicator value, a specific candlestick pointing at a reversal or confluence with other methods. The Shark pattern can be either bullish or bearish . It is as effective as other harmonic patterns and a common variation on trading this pattern is to trade the last leg to completion. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.
Long
by UnknownUnicorn38199698
Potential Shark Forming 🦈🦈US30 - Nice looking shark forming that lands in a very nice PRZ. We've had multiple BOS price is currently pulling back from small LQ zone, once price breaks current level It should drop nicely towards the D point. ** 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.
UShort
by ProFxAI
2
Potential Shark Forming 🦈🦈USDCHF - Potential shark, looking to short against the trend with the Bias of an .886 pullback on the weekly TF completing this shark/filling imbalances/mitigating OB's before then looking for a potential bullish continuation. 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.
Short
by ProFxAI
3
Potential Shark Forming 🦈🦈EURUSD - x2 Potential Sharks (Bull and Bear) (Will wait or NFP results before trading any major swings) Just trading in an out of scalps at the moment, I'm currently in a buy trading away from the WL, we've barely had a pullback from this zone so I'm looking for price to rise before the potential downtrend continuation. ** 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.
by ProFxAI
2