(Daily) New impulse // Shark // How to get there // IF=THEN ®
NZDJPYPotential ABCD pattern that can complete the weekly correction as a major ABC correction;
If so, I expect a bullish move ending around the weekly and monthly resistance @83.352$, forging an eventual Bearish Shark Pattern.
Taking the default ratios of a 5 waves impulse this is how it look. Just a guess.
For now, we have an ABCD pattern (cluster as target)
SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD
Safe Trades;
Note
Target the clusterNote
Respecting Support and Resistance levels
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
Related publications
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.