The Bullish Shark Pattern is yet to be confirmed, but it went lower than PRZ, which is seen as a warning sign for most. However, I see it as an opportunity that I don't want to miss out on.
Here are some key points that I wanted to highlight:
- The Terminal Bar produced a long shadow that provided Cover Support, which means that the level is not broken.
- On the 1-hourly chart, we can see RSI divergence.
- There's a sideway bounce setup on the 4-hourly chart, which can be attributed to a combo trade.
As you know, I'm a nurtured conservative trader, but once I see an opportunity like this, I turn into an aggressive trader. So, I'm quite excited about this.
What's your take on this?