Dow Jones 30 Bearish Shark 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bearish Shark: First target, then break-even
What this tells you
C overshoots the prior swing and D returns to 0.886-1.13 of the 0X leg, often a reversal after a sharp move.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| X | Oct 13, 20:00 | 52,392.0 |
| A | Oct 14, 01:00 | 51,618.0 |
| B | Oct 14, 17:00 | 51,968.0 |
| C | Oct 15, 02:00 | 51,391.0 |
| D | Oct 16, 18:00 | 52,459.0 |
| Confirmation | Oct 16, 20:00 | 52,239.0 |
Recently closed Bearish Shark patterns: 6 in total, 4 reached the target first (67%), 2 were invalidated and 0 expired (small sample). Results by pattern →
Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.
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