PHEN is potentially forming a Bullish Shark Harmonic Pattern.
*A breakdown from "A" leg (2.22) will give it higher probability of completing the pattern.
Another bearish pattern is also developing - a Rising Wedge pattern. A breakdown from this pattern will have a projected target towards the "0" leg (2.03) which is in confluence with the PRZ (Potential Reversal Zone) of the Bullish Shark Pattern.
Trading Plan
- Only trade this setup once the Bullish Shark Pattern has been completed.
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| Bullish Shark Pattern |
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| Rising Wedge Pattern |
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