In reaching the upper PRZ for the bearish shark, we have formed a potential bullish shark. I suggest always watching price around the
parallel channel based upon the AC leg from B. This is essentially an AB=CD "Z", and price may turn back and continue back to C (or beyond).
I have shown both confluent areas within the .886-1.13 range of completion.
Any/all comments appreciated. (Note: I'm looking for metals to rally, so it's ok if this bullish shark does not complete.) :o)
parallel channel based upon the AC leg from B. This is essentially an AB=CD "Z", and price may turn back and continue back to C (or beyond).
I have shown both confluent areas within the .886-1.13 range of completion.
Any/all comments appreciated. (Note: I'm looking for metals to rally, so it's ok if this bullish shark does not complete.) :o)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.