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JoshuaGalinus
Nov 22, 2018 3:54 AM

Bearish Shark and/or 5-0 Pattern 

Australian Dollar/U.S. DollarFXCM

Description

Bearish Shark Pattern, bullish reversal at 1.13 of 0X or possible continuation throughout 1.618-2.24 of XA
Alternatively may lead to 5-0 bearish reversal at 0.50 of BC.

Comment

Obviously there is earlier possible shark reversal at 0.382 of CD = 0.74429 but then you have to watch for if it passes 2.24 of XA otherwise it could still remain a 5-0

Comment

Correction: When referring to shark OX is supposed to be XA and XA - BC. I was using 5-0 language where XA turns in to OX and pushes everything down 1 letter.
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