However, this is my prefered bullish shark to engage and there are 2 reasons for that.
1. At this moment, the bearish movement is still strong, it seems like it can go a bit lower before any reversal happens
2. The Shark Pattern that forms at this level coincide with the completion of the Bullish Bat, or better known as Fib3 Bat or Alt Bat Pattern at the 4-hourly chart.
3. The current Shark Pattern is the last level of possibility for a buying opportunity.
Shark Pattern can be a tricky and crafty one so if you are not familiar with it or do not have a coach who are well-versed with it, stay out of this pattern.
1. At this moment, the bearish movement is still strong, it seems like it can go a bit lower before any reversal happens
2. The Shark Pattern that forms at this level coincide with the completion of the Bullish Bat, or better known as Fib3 Bat or Alt Bat Pattern at the 4-hourly chart.
3. The current Shark Pattern is the last level of possibility for a buying opportunity.
Shark Pattern can be a tricky and crafty one so if you are not familiar with it or do not have a coach who are well-versed with it, stay out of this pattern.
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Get into our 15mins workday community
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Live session & Trading Tips on the GO
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