DUOL is currently forming a Bearish Shark Harmonic on the weekly timeframe, with price progressing toward the potential D-point completion zone.
The structure follows the classic Shark ratios, with the 0.886–1.13 leg projecting a major support area that aligns with the long-term descending trendline.
Pattern Highlights:
0X → A: Strong impulsive move leading into pattern formation
A → B: Retracement near the 0.5–0.618 zone
B → C: Extended leg hitting the 1.618 region
C → D: Final 1.13 projection targeting long-term structural support
This convergence of harmonic completion + multi-year trendline support makes the D-zone an important region to watch for a potential reaction or reversal.
Momentum remains bearish, but the pattern suggests sellers may be nearing exhaustion as price approaches D.
The structure follows the classic Shark ratios, with the 0.886–1.13 leg projecting a major support area that aligns with the long-term descending trendline.
Pattern Highlights:
0X → A: Strong impulsive move leading into pattern formation
A → B: Retracement near the 0.5–0.618 zone
B → C: Extended leg hitting the 1.618 region
C → D: Final 1.13 projection targeting long-term structural support
This convergence of harmonic completion + multi-year trendline support makes the D-zone an important region to watch for a potential reaction or reversal.
Momentum remains bearish, but the pattern suggests sellers may be nearing exhaustion as price approaches D.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.