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
