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The Shark Pattern is a harmonic pattern identified by Scott Carney that uses a unique labeling system (0, X, A, B, C) instead of the traditional XABCD. It's an aggressive pattern that identifies reversals before they fully form.
The pattern completes when price reaches the 88.6% retracement of the initial leg (0 to X) combined with a 113% extension of the XA move. This creates a specific convergence zone where the reversal is anticipated.
The Shark is considered more aggressive than traditional harmonics because it enters at an earlier stage of the reversal. It's essentially catching the turn before a Bat or Gartley would complete.
The Shark identifies overextension in real-time. Unlike patterns that wait for a full XABCD structure, the Shark signals when a move has stretched to a specific Fibonacci limit and is likely to reverse.
The 88.6%/113% convergence zone is where two different Fibonacci measurements from different swing points agree. This dual confirmation is what gives the pattern its edge.
Reversals from Shark patterns can evolve into other harmonic patterns. A bullish Shark reversal might become the XA leg of a Gartley or Bat. Understanding this helps with continuation targets.
Enter at point C where the 88.6% and 113% levels converge. Use a reversal candle as confirmation.
Beyond the convergence zone. Typically a fixed percentage beyond C.
T1: 50% of the C move. T2: Point A. The Shark often evolves into a larger pattern — watch for continuation.
Typically 1:2 or better when the convergence zone is tight.
The Shark is an advanced harmonic for traders already comfortable with Gartley and Bat patterns. Its earlier entry point means more trades but also more false signals.
Think of the Shark as an early-warning harmonic. When it completes, it often sets up a larger Gartley or Bat structure — watch for the continuation.
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