(Daily) New impulse // Shark // How to get there // IF=THEN ®
Updated
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
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