MARUTI Ready to Gear UP ? lets see Maruti Suzuki India LimitedNSE:MARUTIwavesmonkBULLISH SHARK structure active on daily Overview The Bullish Shark Pattern is a sharp reversal formation that typically appears at the end of a downtrend, indicating that bearish momentum has overextended and buyers are likely to regain control. It was discovered by Scott Carney in 2011 and is part of harmonic trading techniques, which use geometric price structures and Fibonacci ratios to forecast market reversals. Structure and Identification The pattern consists of five points (0, X, A, B, C) forming four legs: 0X: Initial decline marking the start of the pattern. XA: Sharp downward move forming the base. AB: Rebound upward, typically reaching 113%–161.8% of XA. BC: Final selloff downward, extending into the 161.8%–224% projection of AB. C: Potential Reversal Zone (PRZ), where the pattern completes and buyers step in. The PRZ is defined by the 88.6%–113% Fibonacci retracement of the original 0-X move and the BC projection range, representing the exhaustion point of selling pressure. Confirmation occurs when price rebounds at point C and breaks higher, often accompanied by increased volume. 1