Hi friends hope you are will, on 3rd Jan 2020 the Holo (HOT) formed a bullish Shark pattern and I posted chart on this move as below:
The priceline took bullish divergence as predicted and produced more than 63% gains.
A Formation Of Another Bullish Shark Pattern:
Now the priceline of HOT has formed another harmonic bullish Shark pattern.
Let’s dig the pattern deeper to see how perfect the pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 (here I have ignore little spike coz all other legs are formed perfect) of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: $0.0006406 to $0.0005817
Sell between: $0.0007152 to $0.0008563
So this time we can expect up to 47% bullish move.
Stop Loss:
The potential reversal zone area which is up to $0.0005817 can be used as stop loss in case of complete candle stick closes below this level.