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Shark Pattern

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 12 Jan 2023
Category: Harmonic Patterns
Shark Harmonic Patterns Trade

Table of Contents

How to measure the Shark harmonic pattern?


Stage 1: Formation of B retracement leg – This leg must form and touch 0.618 retracement only from point X to point A impulsive leg, hitting the next level 0.786 would invalidate the pattern.

Stage 2: Formation of C Impulse leg – Once stage 1 is met, point C would be the next one to form and must be within 1.13 to 1.618 levels of point A to B retracement leg.

Stage 3: Formation of D retracement leg – Shark pattern must form point D within 0.886 to 1.13 point B to B retracement. This is where the pattern is considered complete and the levels to execute a trade. Stop losses placed just below point 1.272 levels and targets at 0.382 and 0.618 measuring point A to point D.

XA Any impulse leg
B 0.618 XA
C 1.13 – 1.618 AB
D 0.886 – 1.13 BC
Stop loss Few pips 1.272 XA
Take profit 0.382; 0.618 AD


Long Trade example

Shark Pattern (Long Trade) Shark Pattern (Long Trade)


Short Trade example


Shark Pattern (Short Trade) 2 Shark Pattern (Short Trade) 2

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