Shark Pattern | Shark Harmonic Pattern Trading Strategy | Shark Harmonic Pattern Explanation

Описание: Shark Pattern | Shark Harmonic Pattern Trading Strategy | Shark Harmonic Pattern Explanation
Shark Harmonic Pattern | Shark Harmonic Pattern Trading Strategy Explanation
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00:00 Introduction Shark Harmonic Pattern
01:01 Bullish Shark Harmonic Pattern
03:34 How to Draw Bullish Shark Harmonic Pattern
07:17 Trading with Bullish Shark Harmonic Pattern
09:51 Bearish Shark Harmonic Pattern
12:28 How to Draw Bearish Shark Harmonic Pattern
15:25 Trading with Bearish Shark Harmonic Pattern
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What is Shark Pattern ?
pattern is the primary structure that precedes a 5-0 formation. This structure is outside the typical M and W framework. It possesses a unique formation called an Extreme Harmonic Impulse Wave that retests defined support/resistance while converging in the area of the 0.886 retracement – 1.13 extension. In all cases, the completion point must include the powerful 88.6% support/retracement as a minimum requirement. In addition, the unique extreme Harmonic Impulse Wave employs a minimum 1.618 extension. This combination with the 88.6% retracement defines a unique structure that possesses two profound harmonic measures to define the minimum level. In many cases, the price action will retest the initial starting point of the pattern and define excellent opportunities to take advantage of a market that has moved to far too fast within a limited period of time. These structures typically possess over-extended price action that utilizes the “natural” state of the Extreme Harmonic Impulse Wave which is typically categorized with reactionary trading behavior. This pattern frequently defines excellent opportunities but these reversals are often sharp and require specific management strategies to capitalize on the phenomenon. In many situations, the price action will retest the prior support/resistance level and typically result in a limited counter trend move. This structure should be handled differently than the standard M and W patterns. In fact, the overall expectations in price action should be short-lived and seek to capture the clearest opportunities. The Shark pattern yields many accurate and aggressive reactions that can be successfully traded as long as a more active management is applied.
To identify the shark harmonic pattern, you first need to know its characteristics. As we previously mentioned, the Shark pattern has a five-point price swing structure (O, X, A, B, and C), with four legs labeled differently than other harmonic candlestick patterns (OX, XA, AB, and BC).
What’s more, the shark pattern must meet the following conditions to be valid:
AB leg retraces between 113% to 161.8% Fibonacci ratio of XA leg
The BC leg extends beyond the O point by 113% Fibonacci ratio of the OX leg
The BC price swing is an extension of 161.8% to 224% of the XA wave
The length from O to C is 88% to 113%
The CD leg is at 50% of the Fibonacci retracement level of the BC leg
Crucially, drawing the shark pattern manually means you‘ll have to spend a great deal of time and effort as you need to calculate the ratios on your own. Alternatively, you can use a built-in harmonic shark indicator available on some popular trading platforms.
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List of Harmonic Patterns
ABCD Bullish/Bearish
AB=CD Bullish/Bearish
3-Drives Bullish/Bearish
Gartley Bullish/Bearish
Butterfly Bullish/Bearish
Bat Bullish/Bearish
Crab Bullish/Bearish
Shark Bullish/Bearish
Cypher Bullish/Bearish
5-0 Bullish/Bearish
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Fibonacci Retracement Full Explain in Hindi. Technical Analysis in Hindi
   • Fibonacci Retracement Full Explain in Hind...  
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Fibonacci Discussion
Key set of Fibonacci-derived ratios in trading: 0.382, 0.618, 0.786, 1.0, 1, 1, 2.0, 2.62, 3.62, 4.62
Secondary set of Fibonacci-derived ratios in trading: 0.236, 0.886, 1.13, 2.236, 3.14, 4.236
There are many applications of Fibonacci in technical analysis. Some of the applications include Fibonacci retracements, Fibonacci projections, Fibonacci Fans, Fibonacci Arcs, Fibonacci Time Zones and Fibonacci Price and Time Clusters, among others.
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#SharkPattern #OXABCPattern #HarmonicPattern #XABCDPattern
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Technical Analysis in Hindi
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Through this channel you can successfully chart the analysis.
It can also determine when the trend will be established and the trend will be reversal.
Know the breakthrough time of breakout and break down.
And most importantly when do you have to buy and when to sell
You can answer the same with the help of Technical Analysis and Candlestick Charts Patterns.
Also, you can reduce profits in every type of market.