Hello, Traders!
Today we are looking at TWO COMPLIMENTARY PATTERNS!
We have a bearish shark and a bullish 5-0 pattern on 4h chart with the GPB/USD.
With the completion of the shark pattern, we can expect price to reverse down the 1.2260 level
That will then complete the 5-0 pattern and we can expect another reversal.
With the projected strength of the dollar this week, that gives up both technical and fundamental confirmation.
I am super pumped to kick off the week! the charts are looking too good!!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
The measurements for a valid SHARK are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
Today we are looking at TWO COMPLIMENTARY PATTERNS!
We have a bearish shark and a bullish 5-0 pattern on 4h chart with the GPB/USD.
With the completion of the shark pattern, we can expect price to reverse down the 1.2260 level
That will then complete the 5-0 pattern and we can expect another reversal.
With the projected strength of the dollar this week, that gives up both technical and fundamental confirmation.
I am super pumped to kick off the week! the charts are looking too good!!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
The measurements for a valid SHARK are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
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.
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.