Bearish shark/5-0 NZD/USD 4 hour chart
Hello people, here we have a bullish 5-0 pattern on the 4h timeframe with NZD/USD -0.06%.
Price just formed a valid C point at the minimum 1.618 level which aligns with a valid bearish shark pattern, which has opened up a shorting opportunity from C to D.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I expect a reversal to take place and m added confluence has confirmed that
I I hope you's all have a great week folks, feel free to comment and or connect with me, Michael.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.