BOREARIS

Dow Jones 30 Bearish Shark 1 hour

Dow Jones 30 1 hourConfirmed Oct 16, 20:00 UTC+8
XABCDConfirmedClosedInvalid 52,746.652,261.2Confirm 52,239.0Target 1 52,019.0Target 51,799.0━ MA20 + Bollinger Bands ━ MA50 1 hour70503055.92━ RSI ━ 9MA029.15━ MACD ━ MACD Signal10/12 14:0010/13 14:0010/14 14:0010/15 14:0010/16 14:00
XABCDConfirmedClosedInvalid52,746.652,261.2Confirm52,239.0Target1 52,019.0Target51,799.0━ MA20 ━ MA5070503055.92━ RSI ━ 9MA029.15━ MACD ━ MACD Signal14 06:0015 14:0016 21:00

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

Target51,799.0
First target52,019.0
Confirmation52,239.0
Invalid at52,746.6
Move+0.21%

Timeframe1 hour
ConfirmedOct 16, 20:00
ClosedOct 19, 10:00
Duration63.0 h
Reward / risk0.87

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.

Check it on the live chart

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Swing points

PointTime UTC+8Price
XOct 13, 20:0052,392.0
AOct 14, 01:0051,618.0
BOct 14, 17:0051,968.0
COct 15, 02:0051,391.0
DOct 16, 18:0052,459.0
ConfirmationOct 16, 20:0052,239.0

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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