5-0 Pattern
USDJPY - 2 Sharks and a 5-0 across 2 timeframesUSDJPY - 2 Sharks at different timeframes, what can you expect?
On the hourly chart, USDJPY has completed a bearish shark.
We are right there at the PRZ right now.
If the market reacts and USDJPY reverses from here, we can expect it to reach 112.95 which is the TP1 of the shark pattern.
Small Shark execution
PRZ 113.30
SL 113.70
TP1 112.95
TP2 112.65
At 112.95, USDJPY can either fall further or rebound from a bullish 5.0 pattern.
In the bigger timeframe, we have a big shark completing at 114.50.
Therefore, my GUESS is USDJPY will rebound from 112.95 after the 5-0 completes to confirm the bigger shark at 114.50.
Big Shark execution
PRZ 114.50
SL 115.70
TP1 112.90
TP2 111.70
INTC 5-0 Pattern - contrarian upside move trade 56.5 targetINTC 0-5 pattern - the likely resolution of this pattern is downside, but if it can't go down, then it violently pushes upward to 88.6%. This is a contrarian trade, lot of people are betting downside move, options are skewed a lot to downside, so likely it goes up, the risk to reward is to upside.
OMXS30, 4H - Potential Shark patternOMXS30 continues to be bullish and are looking to face two resistance levels ahead.
First one is at the level of "X" in the pattern, wich is strong nut we Do see some tests just above lining up with the top of the Sharks PRZ.
Expected reaction from the Shark is a 38.2% Fib, but often we can see a pullback down to 50% where w, in that case, have a 5-0 pattern comming up.
Interesting time ahead for the Swedish OMXS30.
BUY-XAU/USD.H1.5-0 Pattern HarmonicFollowing 5-0 Pattern Harmonic
Price touch strong support by uptrend line W1 and fibo retracement 50%,and touch fibonacci extension 127.2 % of AB.
Follow 5-0 pattern price will test fibo retracement 50% of BC and go down retest uptrend line W1.
If the price break uptrend line W1,it will go down and test fibonacci extension 2.24 of AB (1232).