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PHINMA Energy Corporation PHEN technically completed the Bullish Shark harmonic pattern and fully tested the 2nd PRZ (Potential Reversal Zone) area around 113% retracement. A Bullish Engulfing pattern also formed up around the PRZ area - a potential trend reversal candlestick pattern. See previous analysis of this harmonic pattern here: https://psetrends.blogspot.com/search/label/PHEN Trading Plan - Buy as close to the 113% retracement PRZ area. - Set stop-loss a few points below the recent swing-low. - Potential TPs are the 38.2% and 61.8% retracements.

PHINMA Energy Corporation PHEN continues to form a Bullish Shark harmonic pattern and potentially completed the first significant retracement of the pattern at 88.60% (the first PRZ or Potential Reversal Zone). Downside risk remains towards 113% retracement, its second PRZ. See previous analysis on this harmonic pattern for more details: https://psetrends.blogspot.com/2017/02/phen-on-potential-shark-harmonic-pattern.html Trading Plan - Trade this setup once the harmonic pattern has been completed. - Observe for reversal patterns around the two PRZ areas for potential trading opportunity.

PHINMA Energy Corporation 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. Bullish Shark Pattern Rising Wedge Pattern