the markets making us a surprise or is it a bear trap part 2

Let’s see how things connect

Look at something beautiful, I did not touch

At the beginning of the year, before all the crazy moves we are now seeing in the markets, I posted a market review for 2020 and listed a few things to anyone who would like to read everything listed here above

look at the year 2000 also – this could also happen if the markets will enter to bear market

The interesting point is that a pattern continues now as a mirror image according to the graph

If and when, the high correction levels, which we saw two days ago on 3.3.2020, will not be pushed up again, we have here a beautiful case of a complementary pattern on the graph

What do I mean:

Harmonic Pattern SHARK  Template

This pattern frequently defines excellent opportunities but these reversals are often sharp and require specific management strategies

its accurate and aggressive reactions typically possess over-extended price action that can be successfully traded as long as a more active management risk is working.

The Shark pattern has the following conditions.

• AB leg extends OX leg between 113% – 161.8%

• BC leg extends beyond O by 113% of the OX leg

• BC leg is also an extension of AX by 161.8% – 224%

We will focus on NASDAQ for that matter

This template should give us a drop target of between 7000 and 7900 points, as it will take place

If it was, and the declines would go down to around 7,000 points, which is a critical point that marks a bear market, and will stop there of course, then the pattern is being asked that the market be repaired to a new high of 10,800 points.

The drop levels created by the pattern, below the previous low created at the end of February on February 28, 2020, can be the following steps:

7800-7900  points

7600 points

The latter is the most critical area 7000  points

If this is indeed the picture then it would be nice to see the sequel accordingly

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