ONTRADE Forex

The Shark Harmonic Pattern Complete Trading Guide

The Shark Harmonic Pattern Complete Trading Guide

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Introduction to the Shark Harmonic Pattern

The Shark harmonic pattern is one of the newest and most powerful harmonic patterns, discovered in 2011 by Scott Carney. This pattern stands out because:

Exceptionally accurate for spotting strong reversals
Uses unconventional Fibonacci ratios (88.6%, 113%, 161.8%)
Distinctive shape resembling shark fins on price charts
Works across all markets (Forex, stocks, crypto)


2. Shark Pattern Structure & Fibonacci Ratios

Unlike traditional harmonic patterns, the Shark uses 5 key points (O, X, A, B, C):

WaveFibonacci RatioDescription
OXInitial impulse move
XA113% – 161.8% of OXMust exceed point X
AB113% – 161.8% of XADeep retracement
BC88.6% – 113% of OXReversal zone (PRZ)

Bullish vs. Bearish Shark

  • Bullish Shark: Forms at bottoms (Buy at C)
  • Bearish Shark: Forms at tops (Sell at C)

3. How to Identify the Shark Harmonic Pattern (Step-by-Step)

  1. OX Wave: Look for strong initial momentum
  2. XA Wave: Must extend 113%-161.8% beyond OX
  3. AB Wave: Retraces 113%-161.8% of XA
  4. BC Wave: Reaches 88.6%-113% of OX (PRZ)

4. Trading Strategy

Entry Points

  • Buy (Bullish) at point C with reversal confirmation
  • Sell (Bearish) at point C with reversal confirmation

Stop Loss Placement

  • Bullish: Below point C
  • Bearish: Above point C

Take Profit Targets

TargetFibonacci Level
TP138.2% of CB
TP261.8% of CB
TP3100% of CB

5. Confirmation Signals

Price Action: Pin bars/engulfing at point C
RSI/MACD Divergence
Volume Spike at reversal
Trendline/S&R Confluence


6. Shark vs. Crab Pattern

FeatureShark PatternCrab Pattern
Reversal PointC (No D point)D
XA Ratio113%-161.8%161.8%-224%
AccuracyBest for violent reversalsBest for extended moves

7. Frequently Asked Questions (FAQ)

Q1: Best markets for Shark pattern?

A: Highly effective in Forex (EUR/USD) and Crypto (BTC) due to volatility.

Q2: Optimal timeframes?

A: 4H/Daily charts provide most reliable signals.

Q3: How to filter false signals?

A: Require at least 2 confirmations (e.g., RSI + candlestick pattern).


8. Professional Trading Tips

  • Practice on historical charts before live trading
  • Combine with trend analysis for higher accuracy
  • Avoid news events to prevent false breakouts
  • Use partial profits (Take 50% at TP1)

9. Conclusion

The Shark harmonic pattern offers:
Precise reversal zones with unique Fibonacci ratios
High-probability trades when confirmed
Adaptability across all financial markets

Be ware of Economic News .

🚀 For best results:

  • Backtest the pattern extensively
  • Combine with other technical tools

Best Product To Detect Harmonic patterns automatically is : ON Trade Waves Patterns


Example of Shark Harmonic Pattern:

Shark Harmonic Pattern
Shark Harmonic Pattern
Harmonic Patterns analysis Fibonacci Proportions
Harmonic Patterns analysis Fibonacci Proportions

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