Quizzes
Cypher
· XA can be any size.
· These patterns trades the best on 4H+ TF.
· B point – retracement between the .382 and .618 of XA.
· C point – Pirce expands to form C between the 1.133 and 1.414 of XA. *Take Fibonacci extension from X to A back down to X.
· Point D – short or long the point D, look for as many confluences as possible.
Look for .786 of XC, make sure that point B is not located at .786 of XC. \
Point D can also be located between the 1.272 and 2 expansion of BC.
SL to be placed below point X.
Target – WP from C to D.
Shark
· XA can be any impulsive size.
· B point – price commonly retrace to .382 but it can go up to .886
· C point – price drops between 1.13 to 1.618 expansion of AB.
· D point – point D is located between a 1.618 and 2.24 of BC
and .886 to 1.13.
5-0
· 5-0 pattern is continuation after shark pattern if price after point D retrace to 0.5 of CD.
· Look for EW count 12345 then ABC in shark and another 12345 after creating 5-0.
· TP is 1:1 extension of C pulled to D and 0.5 of CD.