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Shark

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The Shark pattern is a 4-leg pattern and it is essentially an emerging 5-0 pattern. In a perfect Shark pattern the AB leg should be a 1.130 to 1.618 extension of the XA leg, and the BC leg should be a 1.618 to 2.240 extension of the AB leg, and the C point should be a 0.886 to 1.130 retracement/extension of the OX leg.

 

Bullish Shark

Bullish Shark

Bearish Shark

Bearish Shark

 

The Shark pattern will always begin as an AB=CD pattern. When the specific ratios are met, it will be redrawn as a Shark, and it may eventually evolve into a 5-0 pattern. All 5-0 patterns start out as Shark patterns, but not all Shark patterns will evolve into a 5-0 pattern.

 

The Shark pattern can be toggled on or off by checking/unchecking the Show Shark? checkbox in the Settings dialog.

 

The Terminal Bar is the price bar that reaches the minimum pattern completion requirements and will always be identified by the symbol.

 

information

Scott Carney at HarmonicTrader.com has put together a PDF that explains the Shark pattern in detail, which you can view here.

 


See Also:

 

Settings

Zone Lines

 

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