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?
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.
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...
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.