5-0 Pattern

The 5-0 pattern is a distinct 5-point reversal structure, discovered by Scott Carney that typically represents the first pullback of a significant trend reversal. It´s a relatively new pattern with 4 legs and specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The following measurements define the pattern: the AB leg should be a 1.130 to 1.618 extension of the XA leg. The BC leg should be a 1.618 to 2.240 extension of the AB leg. The CD leg should be 0.500 retracement of the BC leg and it includes a reciprocal AB=CD pattern. With this, the Potential Reversal Zone (PRZ) is defined differently from other harmonic patterns.

Conservative traders look for additional confirmation before entering a trade. The 5-0 pattern can be either bullish or bearish. Targets can be set at the discretion of the trader as the reversal point could be the start of a new trend. Common stop levels are behind a structure level beyond the D point or the next important level for the Fibonacci sequence.
pixi pixi XAGUSD, 240, a day ago
XAGUSD: Retracement to $16.46
221 0 18
XAGUSD, 240
Retracement to $16.46
Hi, Silver is facing a bearish shark in H4 TF (and MA 20 Weekly). I'm expecting a retracement to $16.5 area for a bullish continuation pattern (5-0) with $18.15 as target
lewglasgow lewglasgow TOP XAUUSD, D, Short , 9 days ago
XAUUSD: XAU/USD - $1249 to $1088
557 0 40
XAUUSD, D Short
XAU/USD - $1249 to $1088
Following up from Donald Trump's speech yesterday I'm expecting the U.S Dollar to continue weakening short term, thus providing excellent opportunities across the board. Here we have XAU/USD on the daily chart with a bearish 5-0 pattern, I have been closely watching this structure since mid December 2016. The ...
lewglasgow lewglasgow TOP BTCUSD, W, Long , 6 days ago
BTCUSD: BTC/USD - Bullish 5-0
798 4 43
BTCUSD, W Long
BTC/USD - Bullish 5-0
Interesting setup on the Weekly chart for BTC/USD with a bullish 5-0, as you can see price has just reached the highs of 2014 at 1138 and bounced. I'm sure we will experience a temporary decrease but soon enough the bulls will be back, keep an eye on this pattern completing!
lewglasgow lewglasgow TOP GBPJPY, 240, Long , 5 days ago
GBPJPY: GBP/JPY - Relief Rally
1102 6 48
GBPJPY, 240 Long
GBP/JPY - Relief Rally
GBP/JPY -0.27% has been selling off from the 15th of December 2016 after completing the C point of this bullish 5-0 , it completed in between the 1.618 and 2.24 extension. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Since then I have been waiting for ...
pixi pixi XAUUSD, W, Long , 2 months ago
XAUUSD: 5-0 Bullish Pattern
688 2 25
XAUUSD, W Long
5-0 Bullish Pattern
Bullish 5-0 pattern while $1210 hold + Weekly Ichimoku TP1 $1290/92 Long $1211
lewglasgow lewglasgow TOP NZDCHF, 240, Short , 6 days ago
NZDCHF: NZD/CHF - Bearish 5-0
203 0 36
NZDCHF, 240 Short
NZD/CHF - Bearish 5-0
Hello traders, here we have another 5-0 pattern but this time on the 4h timeframe with NZD/CHF. Once the market opens I will be looking for extra confirmation to enter this trade, I'm expecting price to sell-off right down to the daily trendline near the C point. This is an excellent shorting opportunity with ...
TerryHarmonicTrading TerryHarmonicTrading BTCUSD, W, 7 days ago
BTCUSD: Bitcoin - Prediction with Harmonics, more downside ahead!
342 0 10
BTCUSD, W
Bitcoin - Prediction with Harmonics, more downside ahead!
It was 3 weeks ago where I was talking to a my trading buddy boon hooi about where Bitcoin is going. Both of us stared at the monthly chart of bitcoin and we saw a harmonic pattern completion. Indeed, any instrument with high liquidity works well with harmonic patterns. Bitcoin completed the shark pattern at ...
JuanHernandez JuanHernandez PRO PG, 240, Long , 11 days ago
PG: A good oportunity to go long
34 0 2
PG, 240 Long
A good oportunity to go long
There is a 5-0 harmonic pattern and the end of the B segmento of the Eliot wave theory. So, i m buying in the last support. With my entry 83.43 and my stop is at 880.88 , and my first target is at 85.44 and the second target 87.32.
lewglasgow lewglasgow TOP GBPJPY, 240, Long , a month ago
GBPJPY: GBP/JPY - Bullish 5-0
447 6 35
GBPJPY, 240 Long
GBP/JPY - Bullish 5-0
I'm getting ready for the weeks ahead, make sure to keep this one on your watch list! Here we have GBP/JPY on a 4h chart with an excellent buying opportunity if price continues to drop going into 2017. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 If we ...
cdschultheis15 cdschultheis15 PRO AUDUSD, D, Short , 5 days ago
AUDUSD: AUD/USD - Bearish 5-0 COMPLETION
103 0 4
AUDUSD, D Short
AUD/USD - Bearish 5-0 COMPLETION
This one is looking HUGE! Here, on the AUD/USD 1D charts we have a BEARISH 5-0 completing. Throughout my studies of this certain pattern, price tends to bounce between the .50 & .618 range before reversing. Now, we are just waiting for price to close below the .50 mark and then we will be ready to place our ...
lewglasgow lewglasgow TOP XCUUSD, D, Long , 7 days ago
XCUUSD: XCU/USD - Bullish 5-0
136 0 29
XCUUSD, D Long
XCU/USD - Bullish 5-0
I'm getting ready for the weeks ahead, make sure to keep this one on your watch list! Here we have XCU/USD on the daily chart with an excellent buying opportunity. 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 expect price to drop to 2.33000 to complete ...
FibonacciTrader99 FibonacciTrader99 BTCUSD, W, 10 days ago
BTCUSD: BTC/USD Potential Bullish 5-0
117 0 1
BTCUSD, W
BTC/USD Potential Bullish 5-0
BTC/USD is forming a Potential Bullish 5-0 with PRZ @646.
lewglasgow lewglasgow TOP XAUUSD, D, Short , 17 days ago
XAUUSD: XAU/USD - Bullish Cypher & Bearish 5-0
359 0 31
XAUUSD, D Short
XAU/USD - Bullish Cypher & Bearish 5-0
During last weeks YouTube video I called out my three biggest opportunities to kick start 2017, XAU/USD was on the list and it is carrying huge potential. Once price completes the bearish 5-0 pattern at the D point around $1248 I'll be selling. Stop loss: $1281 Take profit: $1121 HUGE opportunity with an ...
lewglasgow lewglasgow TOP GBPUSD, 240, Short , 22 days ago
GBPUSD: GBP/USD - Bearish 5-0
320 0 33
GBPUSD, 240 Short
GBP/USD - Bearish 5-0
One of the three opportunities I'm watching going into 2017, let's kick start it in profit! I'm looking to sell once price completes the pattern at the D point around 1.24200. Stop loss: 1.25400 Take profit: 1.20700 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 ...
jackmyattFX jackmyattFX PRO GBPCHF, 60, Short , 2 months ago
GBPCHF: GBPCHF Short trade setup
616 0 17
GBPCHF, 60 Short
GBPCHF Short trade setup
GBPCHF Potential Short position here. -Bearish trend since the start of 2016 -ABCD extension in play -Watching for rejection around the 0.5/0.618 retracement area (DAILY) -Breakout of the triangle and currently retesting area -Daily significant support which is now resistance (the purple boxes) -I'm waiting for a ...
lewglasgow lewglasgow TOP GBPUSD, 240, Long , 2 months ago
GBPUSD: GBP/USD - Bullish 5-0 (Ahead of the U.S Presidential Election)
265 0 27
GBPUSD, 240 Long
GBP/USD - Bullish 5-0 (Ahead of the U.S Presidential Election)
After two profitable trades using the 5-0 pattern in previous weeks here we have GBP/USD on a 4h chart with yet another 5-0 pattern. I'm absolutely loving the look of this, especially ahead of the U.S Presidential Election. (This is purely a technical prediction, I am not basing this analysis on who is likely to ...
cdschultheis15 cdschultheis15 PRO NZDJPY, W, Short , 6 days ago
NZDJPY: NZD/JPY - Bearish 5-0 & Bearish Deep Crab
46 0 7
NZDJPY, W Short
NZD/JPY - Bearish 5-0 & Bearish Deep Crab
I hope everyone had a great weekend! The markets are looking as good as ever! Today, to start off the week, we have NZD/JPY on the 1W chart. This is looking great for the long term! In the up turn of the market, we have been hitting some resistance the past couple weeks. At this point, we are seeing the ...
CajunXChange CajunXChange USDOLLAR, 240, Long , 10 days ago
USDOLLAR: USDOLLAR gartley with bearish 5-0
21 0 3
USDOLLAR, 240 Long
USDOLLAR gartley with bearish 5-0
Dollar should bounce back today. However, gains will be limited. Will retail sails provide direction or investors more concerned about Trump policy?
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