First there was a Deep Crab formation, which was completed by going bullish to previous resistance, after marking higher high it went bearish forming an Ending Channel, at that point I saw divergence, because the entire consolidation made a double floor insdie MACD, which gave us that bullish impulse for D completion of a Shark Pattern. At D there's a possible Double Top for our 2618 setup: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618
Take profits for Shark Pattern would be those 3 blue lines, first one is at 0.618 where 0.382 is, second one is at 0.382 where 0 is and third line would be at point C where point 5 of the Ending Channel is (back to where it all started) Good Trading.
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Price made a pretty good resistance at top and went bearish straigth for that -0.27, now I expect some type of consolidation or pullback por bearish continuation. We can also see how MACD is respecting analysis Good Trading - 4h Chart
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Shark Pattern has been completed! Price went bearish towards third take profit where -0.618 is Good Trading. -4h Chart