Technical analysis by itsjustanalysis about Symbol WIF: Buy recommendation (2/25/2025)

itsjustanalysis

I haven't really posted much on Carney's Harmonic Patterns, but as I was working on some material for The Litepaper, I glanced at dogwifhat's monthly chart and noticed it looked very much like shark pattern - but I wasn't even 80% sure. Had to pull out my notes. Turns out, dogwifhat's monthly candlestick chart is a perfect Bullish Shark PatternAB = 0.982 of XA → Nearly a 1.0 retracement, which fits within the Shark's extended AB range (0.886 – 1.13 XA).BC = 0.992 of AB → Deep retracement, typical of Shark formations where BC is 0.50 – 1.00 of AB.CD = 1.147 of BC → Falls within the expected 1.13 – 1.618 BC extension for a Shark.XD = 1.125 of XA → Bulls-eye confirmation—Shark patterns complete at 1.13 – 1.618 XA extension, and your 1.125 is right in that range.Given Carney's rules, the targets are the 50%, 61.8% and full reversal of CD:$2.67$3.04$4.83Will be fun to see how it plays out. If there's a dip below $0.40, then it's invalidated.