A potential 5-0 pattern may be developing on the DAILY charts of GBPUSD. This is something to monitor for this week into next week.
The harmonic ratios for a valid 5-0 pattern are detailed below.
Initial impulsive reversal at X A
B: 113.0 - 161.8%
C: 161.8 - 224.0%
D: 50%
The harmonic ratios for a valid 5-0 pattern are detailed below.
Initial impulsive reversal at X A
B: 113.0 - 161.8%
C: 161.8 - 224.0%
D: 50%