Bullish harmonic shark showing bearish signs (Read analysis) 1h
5th time updating this... Sorry everyone!
The harmonic shark pattern is an emerging 5-0 pattern because the shark pattern is within its structure.
This chart shows a harmonic bullish shark, but it is currently conflicting with a harmonic shark on the 4h timeframe and there needs to be some kind of bullish divergence for a bullish harmonic pattern to be correct.
Notice the RSI.
I was long on this trade earlier, and I have been sharing my target, entry and stops in the chat but when I noticed how the market failed to reach the D point in the 1h shark I started to lose my hope for this pattern.
I managed to flip my trade from long to short at break even and currently going short with stops at 68,150 and target is 67.1
Please like the post, comment with your thoughts below and make sure to follow me for more FREE advanced technical analysis!
Thank you and may God bless
The harmonic shark pattern is an emerging 5-0 pattern because the shark pattern is within its structure.
This chart shows a harmonic bullish shark, but it is currently conflicting with a harmonic shark on the 4h timeframe and there needs to be some kind of bullish divergence for a bullish harmonic pattern to be correct.
Notice the RSI.
I was long on this trade earlier, and I have been sharing my target, entry and stops in the chat but when I noticed how the market failed to reach the D point in the 1h shark I started to lose my hope for this pattern.
I managed to flip my trade from long to short at break even and currently going short with stops at 68,150 and target is 67.1
Please like the post, comment with your thoughts below and make sure to follow me for more FREE advanced technical analysis!
Thank you and may God bless
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