Hi fox hope you are well, In my previous post the iExec RLC ( RLC ) formed bullish Shark on 4 hour short term chart and this trading idea produced more than 64% profit:
Now this time on 1 hour chart is forming another harmonic pattern and this time it is another bullish Shark. All legs are formed now the priceline is forming last leg.
The Pattern:
Lest’s dig the pattern deeper to see how perfect this 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 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to hrmonic Shark pattern should be:
Buy between: 0.00006681 to 0.00006501 sats
Sell between: 0.00006855 to 0.00007228 sats
Stop Loss:
The potential reversal zone area which is up to to 0.00006501 sats can be used as stop loss in case of complete candle stick closes below this level.