ITA40 … Harmonic Trading Scenario and bullish Shark, 10/02/16


… a harmonic trading scenario

… bullish Shark

ITA40 1D chart


The Shark pattern is a 4-leg pattern and it is essentially an emerging 5.0 pattern. In a perfect Shark pattern the AB leg should be a 1.130 to 1.618 extension of the XA leg, and the BC leg should be a 1.618 to 2.240 extension of the AB leg, and the C point should be a 0.886 to 1.130 retracement/extension of the OX leg.