Beschreibung
⋅ Hello traders, here we have another 5-0 pattern but this time on the 4h timeframe with XAG/USD.
Price is currently completing the C point at the minimum 1.618 extension but it could push up further before making a move towards the PRZ.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I hope you all have an amazing Sunday!