The Shark pattern is a harmonic pattern that helps traders predict market turning points. To spot it, start by identifying a strong bullish or bearish move from point X to point A. Next, find point B by using a Fibonacci retracement from X to A, aiming for 38.2% to 61.8%. For point C, use a Fibonacci expansion of X to A, targeting 113.1% to 161.8%. To pinpoint point D, first retrace the X to C move to 88.6% to 113.1%, and then expand from B to C, aiming for 161.8% to 224%. For trading, enter at
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The Shark pattern is a harmonic pattern that helps traders predict market turning points. To spot it, start by identifying a strong bullish or bearish move from point X to point A. Next, find point B by using a Fibonacci retracement from X to A, aiming for 38.2% to 61.8%. For point C, use a Fibonacci expansion of X to A, targeting 113.1% to 161.8%. To pinpoint point D, first retrace the X to C move to 88.6% to 113.1%, and then expand from B to C, aiming for 161.8% to 224%. For trading, enter at
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