Shark patterns have no particular rules, that I'm aware of, for the
A to B ratio, but, I've noticed that the deeper than .382 the A to B - in this case
@ .564 - the more likely it will target point D at 1.13 ext of C to X
instead of the ratio .886.
Resistance is just above around the .8080 area which helps
the confidence of the trade set up, BUT, I really wish the
Elliott Wave count was not the mess it seems to be to my eyes.
Maybe the candlesticks, with some strong RSI break/divergence,
will entice a short entry with confidence.
{{Maybe the best trade might be if this becomes a 5-0 long set up}}
A to B ratio, but, I've noticed that the deeper than .382 the A to B - in this case
@ .564 - the more likely it will target point D at 1.13 ext of C to X
instead of the ratio .886.
Resistance is just above around the .8080 area which helps
the confidence of the trade set up, BUT, I really wish the
Elliott Wave count was not the mess it seems to be to my eyes.
Maybe the candlesticks, with some strong RSI break/divergence,
will entice a short entry with confidence.
{{Maybe the best trade might be if this becomes a 5-0 long set up}}