# Bullish Shark Pattern

Are you starting to notice a pattern in your candlestick chart? Watch out because that may be a bullish shark pattern!

Allow us to teach you everything about the bullish shark pattern, including how to use it to generate and improve profit.

## What is a Shark Pattern?

This pattern belongs to the Harmonic Pattern family, discovered by Scott Carney. It is a chart formation with extremely impulsive waves.

This Harmonic pattern requires a specific set of Fibonacci connections within its structure.

Furthermore, it has its own five-point labels, which slightly differ from the traditional harmonic labels. These are 0, X, A, B, and C instead of X, A, B, C, and D.

## What is a Bullish Shark Pattern?

In the stock market, the word bullish characterizes rising prices. So, when you see a bullish shark pattern in your candlestick chart, it is an indication of rising market prices nearing.

There are many ways to trade a bullish shark harmonic pattern, but the most common way follows the traditional rule of thumb.

Which is to sell in sight of a bullish pattern and to buy in view of a bearish one. This is to avoid the nearing impacts of market price changes and benefit from them instead.

## How To Identify a Bullish Shark Pattern?

The bullish harmonic shark pattern is usually characterized by two things.

The first would be that it appears to be shaped like the letter M due to its impulsive waves. And the second is that its second upward strike is higher than the first.

But there are also bullish shark pattern rules, which are a set of ranges your pattern should follow to confirm its accuracy.

It follows the 88.6% and the 113% reciprocal ratios. This means that point 0 and point C must fall within these numbers.

## Example of a Bullish Shark Pattern

A deep shark pattern on your candlestick chart often follows a set of features.

The best example of a bullish shark pattern target is when it follows a well-retesting prior point as a counter-reaction, falling into the 0.886 to 1.13 range.

Another example would be the M-shaped formation, but this makes it easy for a shark pattern to be confused with something else.

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