Price has completed the C leg which validates a potential bullish shark pattern. It could complete at the 88.6% retracement, or extend to the latter PRZ. I will update this idea as the price nears the PRZ level.
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TomProTrader
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@TheRegulator, Glad to be of help to the Trading View community. :)
TheRegulator
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Liking your analysis. Learning a different angle from you. Keep going.
IvanLabrie
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This got so close man...you bought?
btM_Afta
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Buy Area 2 invalidate the pattern..
TomProTrader
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@Dguaman, Nope. Only if it goes BELOW the buy area 2 it will.
btM_Afta
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@Tom_Killick, well im not an expert in those kind of patterns but AREA 2 will be down of X so is an invalidate pattern as i read.
TomProTrader
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@Dguaman, With most patterns you are right, a D leg exceeding a D leg in most cases is an invalidation. But for the Shark pattern, this is not the case. :-)
btM_Afta
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@Tom_Killick, Im talking about X leg Sir ... your buying area is below X area.