On a 4 hours chart, the price action of Helium (HNT) is completing the final leg of bullish Shark pattern, soon it will be entered in a potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Potential reversal or buying zone: $1.336 to $1.259
Fibonacci projection or sell zone: $1.410 to $1.570
Stop Loss:
The potential reversal zone area that is up to $1.259 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 24.70% and as per the above-mentioned stop loss, the loss possibility is 6%.
Note: Above idea is for educational purpose only.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Potential reversal or buying zone: $1.336 to $1.259
Fibonacci projection or sell zone: $1.410 to $1.570
Stop Loss:
The potential reversal zone area that is up to $1.259 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 24.70% and as per the above-mentioned stop loss, the loss possibility is 6%.
Note: Above idea is for educational purpose only.
