#паттерны

The Gartley Shark pattern is a reversal harmonic pattern and the youngest of such models. The aspect ratio of this model is also based on Fibonacci levels and extensions. Time interval - any. The Shark pattern consists of 5 points - O, X, A, B, C. In its shape, the pattern resembles a large shark fin peeking out from behind the waves.

Aspect ratio:

⚫️point B is within 1.13-1.618 of the XA movement length;

⚫️point C is within 1.618-2.24 of the AB movement length;

⚫️point C is a local extremum and is at the 0.886-1.13 level of the Fibonacci grid built on the OB segment.

Trading strategy for the Shark pattern:

1️⃣ First of all, you need to make sure that the ratios of the constructed "Shark" points meet the requirements for constructing the model.

2️⃣And then make a deal at point C or wait for a rebound from this point and only then open an order.

3️⃣Stop loss is placed behind the next Fibonacci level/Fibonacci extension or below the minimum/maximum when trading after the formation of a rebound candle.

4️⃣We fix the profit at the levels: profit 1 - point A, profit 2 - point B.

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