Hello people, here we have a 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 pattern, which has opened up a shorting opportunity from C to D.
The measurements for a valid pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
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.