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RE: Mastering the Sharkfin Model for Trading
Bullish Sharkfin: This is price skimming where it in a product’s life cycle a firm sets high price initially, then lowers the price slightly and immediately raises it back to a rather higher point before again lowering it. It implies that the situation might turn to the benefit of the upside.
Bearish Sharkfin: On its way up, price moves up steeply, turns sharply downwards to form a crest of the graph followed by a trough. It may be signaling for the continuation of the bear phase.
Therefore, I would like to remind you that the Sharkfin pattern, if used in conjunction with other indicators, and signals are confirmed, it is more effective.
Your description was great. All the best in the competition.
Hello friend you have mentioned the details in the comment anyway thank you very much for commenting my post and good luck for reading.