dear kor4x its name semafor indicator.a kind of zigzag indi with 3 level of deviations.of course as a zigzag indi ;it may repaint but very useful.you can identify small corrections and big moves
Hi, posted this in another section....just wondering if anyone can answer this...thks
"new to this forum, have a question abt the shark pattern....it could morph into a 5-0 pattern at the 50% ret....are there any stats on how far targets can be on the shark? does price often breach the "C" point?"
GBPUSD is expected to build a Bearish Gartly potetial in Daily Chart. 1.5700 area is a potential resistant in 4hrs chart.
Key Level @ 1.5370
If the key level is remain strong as a resistant, strong bearish will continue the down trend and the first down target will be 1.5370, then 1.4840/25 to complete 1:1 Bearish Trend Continuation (TC).
If the key level is broken, the next l.5870 or 1.6340 to complete the Bearish Gartly formation.
Here is a Dax scalp using Kor patterns in supply and demand area. Will post many example in the next few days on dax, crude, eu gu au, gold and others.
Explanations on the chart. Entry was taken after seeing the rejection as confirmation of the validity of the supply zone.