The Harmonic Shark pattern is a relatively new trading pattern that was discovered in by Scott Carney. The main differentiating factor between the Harmonic Shark and other patterns is that it relies on the Once the price point at D is formed, prices rally or decline very swiftly and therefore it requires active management of the trade.

In other words, you simply cannot set up the harmonic shark pattern and come back a while later to trade it as by that time price would have moved a significant distance.

The Bullish Pattern

Bearish Shark Pattern — Trade Example. The bearish shark pattern above illustrates, especially the entry and exit points.

The entry is taken at The ratios between the OXABC does not have to be correct to the dot as with most real time trade examples. Another feature of the shark pattern is that it is just as volatile as 777 binary options profit pipeline harmonic crab pattern.

Pattern — charts and quotes online | TradingView

The above chart shows the long range bodies of the candlesticks along with the long spikes that are formed especially near the PRZ zone of C.

The next chart below shows an example of a bullish 5 0 pattern forex harmonic pattern:. The bullish shark pattern above shows the volatility that is usually formed near the PRZ level of D. In the above example, we notice that the entry at In the above example, we also notice that the stop loss levels for the trade were a bit wider.

The extended AB leg which 5 0 pattern forex the extreme harmonic impulse wave is the most critical aspect for this structure to hold. The harmonic shark pattern is also a bit complex and similar to the crab pattern —?

Pattern | FOREX Strategies

Therefore traders who are new to harmonic trading should trade the shark pattern only after they have gained considerable experience identifying this pattern on their charts. How do you know when a shark has finished its pattern d.

Improve Your Trading Skills - Don't miss our new posts! Trading Forex, Binary Options - high level of risk. Please remember these are volatile instruments and there is a high risk of losing your initial investment on each individual transaction.

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Home Forex Brokers Binary Options Brokers Trading Software Forex VPS Signals Analysis Other Tools Forex Education Forex Strategies BinaryOptions Education Binary Options Bonuses Binary Options Strategies Articles Humor ProfitF Write For Us Advertising Contacts. The Shark pattern has the following ratios.

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