TAP molson coors potential bearish shark pattern
TAP has all the requirements to be a a bearish shark harmonic pattern except for point D has not been met yet. TAP has also broken out of its 2016 downward channel after making a double bottom. The neckline of the double bottom is currently being tested as confirmation. Plenty of momentum on the weekly timescale for TAP to continue to point D. A short sell at point D with a tight stop loss provides the best r:r of the harmonic pattern.
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.