Further updates on What I have been sharing on the Shark Pattern some time ago
Currently Price have diving down right after the Shark Pattern. I have been targeting to take my Profit at 1.27476 which is Point B of the Shark Pattern.. But currently price stays well @ Fib 61.8 which also a fibo confluence zoning.. so there will be some chances for the price to push back up.
1st Scenario.. If price push up to ~ 1.33080 level .. a potential Head and Shoulder Pattern will occur... If price further continue up ... I am suspecting a Potential Gartley Pattern to happen... Anyway its still in very early stage to talk bout this pattern.. Its only my projection base on current price action. Importantly for now.. we have to see whether will current price break below fib 61 or not =)
Cheers!
Currently Price have diving down right after the Shark Pattern. I have been targeting to take my Profit at 1.27476 which is Point B of the Shark Pattern.. But currently price stays well @ Fib 61.8 which also a fibo confluence zoning.. so there will be some chances for the price to push back up.
1st Scenario.. If price push up to ~ 1.33080 level .. a potential Head and Shoulder Pattern will occur... If price further continue up ... I am suspecting a Potential Gartley Pattern to happen... Anyway its still in very early stage to talk bout this pattern.. Its only my projection base on current price action. Importantly for now.. we have to see whether will current price break below fib 61 or not =)
Cheers!