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.
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