This is a high probablilty trade for me.
Shark and 5-0 patterns were developed by Scott Carney. Shark is 5-0 pattern without the last leg with additional constrains. The patterns are relatively new, but becoming more popular lately. The pattern stands out from the ranks of the other harmonic patterns because it is intended to start a new trend rather than identify retracement.
Technicals change on a day to day bases. Hell, even moment to moment. That's why I never fall in love with any trade. Shit is always subject to change and you should be ready for that at any given moment.
Shark and 5-0 patterns were developed by Scott Carney. Shark is 5-0 pattern without the last leg with additional constrains. The patterns are relatively new, but becoming more popular lately. The pattern stands out from the ranks of the other harmonic patterns because it is intended to start a new trend rather than identify retracement.
Technicals change on a day to day bases. Hell, even moment to moment. That's why I never fall in love with any trade. Shit is always subject to change and you should be ready for that at any given moment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.