Potential Bearish Setup on Weekly Chart

135
As anticipated, the Bullish Shark Pattern has initiated its move on the Weekly Chart—a prediction I shared as early as October 8, 2023. For visual confirmation, refer to the chart within this Trading View post.

Now, attention shifts towards the potential emergence of the bearish 5-0 pattern on the Weekly Chart.

On the Daily Chart, there's a convergence of Bearish Shark and Bearish Crab Patterns, both culminating at the same completion level, 0.9015. This sets the stage for a potential shorting opportunity upon market retest at these levels.

Alternatively, consider a shorting opportunity on the 1-hourly chart, targeting the retest of the resistance level at 0.8908.

The pivotal question arises: What's your trade plan? Your insights carry weight. Please share your perspective below!

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.