Copyright Harmonic Trader L.L.C. • The Shark Pattern is the structure that precedes the 5-0 formation. • Possesses an Extreme Harmonic Impulse Wave that retests defined support/resistance that converges in the area of the 0.886 retracement – 1.13 extension. • Utilizes the powerful 88.6% support/retracement as a minimum requirement. • Look for closest convergence of Extreme Harmonic Impulse Wave (1.618-2.24) with the 88.6% minimum retracement as a minimum level. • Utilizes “natural” state of extreme impulse (reactionary) move against prior support/resistance level. • Typically a counter trend move. The Shark Pattern
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The Shark Pattern - Divergence Software, Inc. · 2017-03-05 · B C Canadian Dollar (CAD_A0-FX): Daily Bearish Shark Pattern>Bullish 5-0 Potential Reversal Zones D
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Copyright Harmonic Trader L.L.C.
• The Shark Pattern is the structure that precedes the 5-0 formation.
• Possesses an Extreme Harmonic Impulse Wave that retests defined support/resistance that converges in the area of the 0.886 retracement – 1.13 extension.
• Utilizes the powerful 88.6% support/retracement as a minimum requirement.
• Look for closest convergence of Extreme Harmonic Impulse Wave (1.618-2.24) with the 88.6% minimum retracement as a minimum level.
• Utilizes “natural” state of extreme impulse (reactionary) move against prior support/resistance level.
• Typically a counter trend move.
The Shark Pattern
Copyright Harmonic Trader L.L.C.
• The Shark Pattern is represents a temporary extreme structure that seeks to capitalize on the extended nature of the Extreme Harmonic Impulse Wave.
• Since it precedes the 5-0, the eventual 50% level acts as the optimal profit target.
• Requires an active trade management strategy. • Demands immediate change in price action character
immediately following minimum test of 88.6% level as long as minimum 1.618 Extreme Harmonic Impulse Wave has been tested.
• Extreme Harmonic Impulse Wave utilized depends upon location of 88.6% level.
Trading The Shark Pattern
Copyright Harmonic Trader L.L.C.
Bullish Shark Pattern
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Bullish Shark Pattern Potential Reversal Zone (PRZ)