Shark-32   

A 3-bar symmetrical triangle with consecutively lower highs and higher lows. Break-outs can be upward or downward.

 
Examples
 
graphic
Example 1
 
 
Statistics
Percent of successful formations – 60%
Failure rate – 41-44%
Average time to breakout – 2-3 hrs
 
Trading tactics
Since the shark pattern is usually a consolidation, expect a breakout in the direction of the prevailing price trend and trade with the trend.