CluenexGlossary · Pro tools
Shark pattern
A five point harmonic (0, X, A, B, C) that completes at 0.886 to 1.13 of the 0 to B swing.
Why it matters
B breaks past X and C overshoots in an extreme thrust. The reaction tends to be sharp but short lived.
How to read it
Take profits quickly; the usual objective is half of the BC swing. Fails beyond 1.13 of 0B.
Related
In the Cluenex app, this explanation opens next to every shark pattern figure, with the live reading for the stock you are looking at. Open it in Cluenex