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Thread: Calling all harmonics Experts - What pattern could this be?

  1. #1
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    Question Calling all harmonics Experts - What pattern could this be?

    I'm a bit confused. The set up below looks bearish, but not sure what this pattern could be.. Anyone with experience could chip in here?

    Calling all harmonics Experts - What pattern could this be?-eurcad_monthly.jpg

  2. #2
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    it could be shark, but you should first learn the pattern and know everything about it, and only then consider to trade it ... it's simple.

  3. #3
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    It can't be a shark as most bearish shark patterns have CD leg higher than XA...
    I'm still trying to figure this out. What's impressive about this pattern is the following:
    AB = 0.382 of XA
    CD = 0.618 of XA
    CD is "almost" close to 1.618 of BC

    There's some great potential for a very long term trade in EURCAD. Would be nice if some Harmonic pros could chip in to correctly identify this pattern.

    It looks a bit similar to bearish Gartley though...

  4. #4
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    Update.. Not sure what pattern the above qualifies too, but I found it to respect the principles of Miner's reversal method. See thread here.

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