Shark Harmonic (v.2) with Inverse Head and Shoulders formation

Here is another possibility if we start to drop now. If we drop with some volume, we should expect the drop to form the right shoulder somewhere around where I have my predicted target (this can obviously change).
Once the bottom of the right shoulder is formed, this could provide a nice entry for those who missed out.
This is of course only if we see a significant drop from here, so far the drops have been very weak and short-lived as the bulls seem to be in control now.

Good luck with your trading!

Bình luận:

The drop started a bit later than I expected, but that's okay because that last little jump actually helped in forming a bearish divergence on the RSI. I'm not sure yet where this right shoulder is going to complete so I won't update the chart until it becomes more clear. For now, the shark pattern remains intact and if it becomes invalidated I will make sure to update this idea.

Đã hủy lệnh:

The pattern ever completed, so this idea is now closed. New update will be out soon