The first shark and 5-0 pattern is shown.
Taking profit at 38.2% and 50% of BC is bellow.
..and for new trades, at this point, I'm looking to break the 50% of BC and go further between 50%-61.8% or more before place a short position, and if only retrace at 50% of BC , 38.2% is my entry point, TP is on PRZ 88.6% - 02B and SL at 50% - BC .
PRZ box is the completion of 2nd Shark pattern followed by 50% D leg - BC2 of 5-0 pattern.
This Bearish 5-0 pattern could lead to break the trend line and turn the trend to the downside move.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
Taking profit at 38.2% and 50% of BC is bellow.
..and for new trades, at this point, I'm looking to break the 50% of BC and go further between 50%-61.8% or more before place a short position, and if only retrace at 50% of BC , 38.2% is my entry point, TP is on PRZ 88.6% - 02B and SL at 50% - BC .
PRZ box is the completion of 2nd Shark pattern followed by 50% D leg - BC2 of 5-0 pattern.
This Bearish 5-0 pattern could lead to break the trend line and turn the trend to the downside move.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.