Hello traders, here we have a bullish shark pattern and bearish 5-0 pattern on the 4h timeframe with XAG/USD.
Price is currently completing the C point of the bearish 5-0 at the minimum 1.618 level which aligns with a valid bullish shark, although it could drop further before making a move towards the PRZ.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
This is an early prediction, I'll be analysing this pair further once it approaches 15.68000.
I hope you all have an amazing weekend when it comes!
Price is currently completing the C point of the bearish 5-0 at the minimum 1.618 level which aligns with a valid bullish shark, although it could drop further before making a move towards the PRZ.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
This is an early prediction, I'll be analysing this pair further once it approaches 15.68000.
I hope you all have an amazing weekend when it comes!
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
