The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011.
It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move
It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move
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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.