Waiting for a possible wedge break and a possible retest of the PRZ before continuing to the upside.
The Shark pattern has the following ratios.
AB leg extends OX leg between 113% – 161.8%
BC leg extends beyond O by 113% of the OX leg
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 with stops coming in at point C
Targets can be 61.8% of BC
The Shark pattern has the following ratios.
AB leg extends OX leg between 113% – 161.8%
BC leg extends beyond O by 113% of the OX leg
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 with stops coming in at point C
Targets can be 61.8% of BC