EUR/CHF - Bearish 5-0
I'm back with another 5-0 pattern but this time on the daily timeframe with EUR/CHF.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Price is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at 1.618 level.
If it drops lower it will complete a bullish shark pattern (chart is shown below), providing a double trading opportunity.
This is an early prediction but I love to pick out market turning points :)
Wait until price completes both points C and D before going short.
I've got more analysis on the way, stay tuned!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Price is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at 1.618 level.
If it drops lower it will complete a bullish shark pattern (chart is shown below), providing a double trading opportunity.
This is an early prediction but I love to pick out market turning points :)
Wait until price completes both points C and D before going short.
I've got more analysis on the way, stay tuned!
📈 Master the Art and Science of Trading: sixfigurecapital.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
📈 Master the Art and Science of Trading: sixfigurecapital.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.