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# 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 is 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 lie behind a structure level beyond the D point or the next important level for the Fibonacci sequence.
THYAO, D, Short ,
49 0
THYAO, D Short
CRAP BEARISH AND 5-0 BULLISH

CRAP BEARISH AND 5-0 BULLISH POINT 3 AND 4 IS THE FIRST LEG FOR Elliott Wave 1

BTCUSD, 60, Short ,
1424 9
BTCUSD, 60 Short
BitCoin 5-0 ...What I Know

Perfect reversal from 5-0 PRZ @ 61.8% (2650) with IDEAL RSI confirmation as mentioned in previous posts. I know most understand M&W-Type harmonic patterns but the 5-0 is a different animal. I outlined the identification rules in HTVol2 but I was a bit light on some of the management relationships that are associated with this structure. Here is some ...

BTCUSD, 30,
4226 3
BTCUSD, 30
Tutorial: Fib Extension Tool

You can use it for different things. my main use for it is to project targets based on impuls legs. not always will price follow the AB=CD target. instead it often reverses before reaching point D. This tool can help you identify alternative targets. Technically speaking the shown example of usage isn't called a fib extension but a fib expansion. you can get fib ...

NZDUSD, 240, Short ,
2791 42
NZDUSD, 240 Short

Hello traders, here we have a bullish 5-0 pattern on the 4h timeframe with NZD/USD. Price just formed a valid C point at the minimum 1.618 level which aligns with a valid bearish shark pattern, which has opened up a shorting opportunity from C to D. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Taking a ...

BTCUSD, 60, Short ,
1278 2
BTCUSD, 60 Short
BitCoin 5-0 Complete w/ RSI Confirmation

5-0 patterns typically experience a retracement back to the 88.6% of the prior leg = pullbk to 2100. RSI now confirmed@61.8% @ 2650. Downtrend intact <2700. Remember Bullish Bat @ 1900 still the next support target for a reversal more than reaction.

57 0
Loonie stronger

It was also a tough day for the Canadian and Australian dollars. The loonie was trading well at the start of the NY session but turned sharply lower after the weekly oil inventory report. According to the U.S. Energy Information Association, crude supplies fell for the second week in a row by 2.5 million barrels. While a number of analysts anticipated a decline, ...

EURUSD, M, Short ,
2442 33
EURUSD, M Short
ACTION / REACTION THEORY APPLIED TO EURUSD ( M )

IDEA: THE USE OF THE 0-3 LINE TO DETERMINE NOT ONLY PREDICTIVE TURNING POINTS, BUT ALSO, THE SLOPE OF THE NEXT MOVE!! This chart may seem confusing at first glance, however I will explain how to interpret it the best I can. First , Each parallel pairing is color coded with 1 Center Line (C/L), 1 Action Line (A/L) & 1 Reaction Line (R/L) and are equidistant to ...

BTCUSD, 60, Short ,
1215 6
BTCUSD, 60 Short
BitCoin 5-0 Now!

BitMonster just hit the BIG 61.8% of the 5-0 pattern I mentioned a few days ago. If the downtrend is in earnest, it resumes here @ 2650 for MINIMUM retracement @ 2100 but the Bullish Bat @ 1900 still remains. THIS IS A TRADE NOT A CONDEMNATION OF CRYPTOFX! Harmonics are working quite well in this market. Look for the 1HR RSI to confirm after an impulse test ...

BTCUSD, 240, Short ,
1073 7
BTCUSD, 240 Short
Bitcoin Bearish 5-0

After the initial drop under 2350 initial target, Bitcoin now setting up a Bearish 5-0 @ the 2550-2600 area. Originally released in my HTVol2 book, the 5-0 is a HARMONIC CONTINUATION PATTERN that represents an excellent zone to enter within the predominant trend. Minimum target for entry is 2300 but 1900 = BullishBat. STAY HARMONIC!

SCBTC, 240, Long ,
526 8
SCBTC, 240 Long
SCBTC - Is accumulation phase nearing end? Update - Long

This is update to my previous chart with more information regarding the breakout in relation to time. Looking at past accumulation phases, each phase lasts around 10 days approximately. After each peak, SC makes a new bottom fluctuating between 0.5 - 0.618 levels . After an accumulation period lasting nearly 10 days, it surges upward to make a new high. Link ...

18 0
BULLISH BAT + BULLISH 5-0

Two advanced patterns confluence forming at a strong resistance level on the daily chart . Profit targets are shown on the chart . Take care .

18 0
Bearish 5-0 harmonic pattern

NZDCHF, 240, Short ,
39 0
NZDCHF, 240 Short
NZDCHF Short

Tonight at 22:00 (GMT+1; London) we will see the release of the Interest rate decision from the Royal Bank of New Zealand (RBNZ). There is widespread all-but-certainty that this rate will sit static at 1.75% due to to soft economic growth amidst debated inflationary pressures. It has been whispered that depreciation is key to economic growth domestically within ...

NZDUSD, 240,
117 0
NZDUSD, 240
NZDUSD - Shark and 5-0 Pattern

Shark pattern bearish Wait for 50% Fibonacci level retracement for Long = Bullish 5-0 Pattern

GBPAUD, D, Long ,
36 0
GBPAUD, D Long
GBPAUD Bullish 5-0

Possible bullish 5-0 formed

E61!, 240, Short ,
43 0
E61!, 240 Short
Euro Futures: Bearish BatShark

Here is a nice confluence of a bearish BatShark along with RSI and AO divergence. I have entered short with some targets marked on the chart but will watch price action in each target area to decide whether to take profits, move stops or even reverse position (in the case of the bullish 5-0 pattern). As per my new strategy I will be moving stops to breakeven ...

GBPAUD, 240, Long ,
2824 6
GBPAUD, 240 Long
GBP/AUD - Bullish 5-0

Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/AUD. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Price formed the C point at 2.0 and has started the decline towards D, keep an eye on this setup over the next couple of weeks. I hope you all have a great day :)

EURCHF, 240, Short ,
2033 30
EURCHF, 240 Short
EUR/CHF - Bearish Shark

Hello traders, here we have EUR/CHF with a bearish shark pattern on the 4h chart. This is an excellent shorting opportunity with over 1:2 risk to reward! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 This pattern could potentially turn into a 5-0 in the near future, after a successful ...

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