Hello traders, just an update on AUD/USD 0.10% with a bearish shark pattern on the 1h chart.
Price has now reached resistance at the D point, I'm expecting price to sell-off from the current level.
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
This pattern could potentially turn into a 5-0 in the near future.
Keep an eye on this one, I hope you all have a great week!