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.
osmanonerbay osmanonerbay THYAO, D, Short ,
THYAO: CRAP BEARISH AND 5-0 BULLISH
49 0 8
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

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 ...What I Know
1424 9 27
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 ...

MagnusTradingGroup MagnusTradingGroup BTCUSD, 30,
BTCUSD: Tutorial: Fib Extension Tool
4226 3 11
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 ...

LewisGlasgow LewisGlasgow PRO NZDUSD, 240, Short ,
NZDUSD: NZD/USD - Double Trading Opportunity
2791 42 73
NZDUSD, 240 Short
NZD/USD - Double Trading Opportunity

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 ...

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 Complete w/ RSI Confirmation
1278 2 23
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.

nhantrung nhantrung USDCAD, D,
USDCAD: Loonie stronger
57 0 5
USDCAD, D
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, ...

Timing is key Timing is key EURUSD, M, Short ,
EURUSD: ACTION / REACTION THEORY APPLIED TO EURUSD ( M )
2442 33 46
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 ...

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 Now!
1215 6 19
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 ...

ScottCarney ScottCarney PRO BTCUSD, 240, Short ,
BTCUSD: Bitcoin Bearish 5-0
1073 7 22
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!

sniperz sniperz SCBTC, 240, Long ,
SCBTC: SCBTC - Is accumulation phase nearing end? Update - Long
526 8 13
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 ...

MR-X MR-X GBPCAD, D, Long ,
GBPCAD: BULLISH BAT + BULLISH 5-0
18 0 5
GBPCAD, D Long
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 .

Salvi Salvi NZDCAD, 240,
NZDCAD: Bearish 5-0 harmonic pattern
18 0 5
NZDCAD, 240
Bearish 5-0 harmonic pattern

Follow the flow <<

KyleMcQuade KyleMcQuade PRO NZDCHF, 240, Short ,
NZDCHF: NZDCHF Short
39 0 8
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 ...

BambooGrowth BambooGrowth PRO NZDUSD, 240,
NZDUSD: NZDUSD - Shark and 5-0 Pattern
117 0 9
NZDUSD, 240
NZDUSD - Shark and 5-0 Pattern

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

fakker fakker GBPAUD, D, Long ,
GBPAUD: GBPAUD Bullish 5-0
36 0 4
GBPAUD, D Long
GBPAUD Bullish 5-0

Possible bullish 5-0 formed

SharkbaitAl SharkbaitAl E61!, 240, Short ,
E61!: Euro Futures: Bearish BatShark
43 0 8
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 ...

LewisGlasgow LewisGlasgow PRO GBPAUD, 240, Long ,
GBPAUD: GBP/AUD - Bullish 5-0
2824 6 71
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 :)

LewisGlasgow LewisGlasgow PRO EURCHF, 240, Short ,
EURCHF: EUR/CHF - Bearish Shark
2033 30 58
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 ...

123456... Show More Ideas
Market
Interval
Browse
Time
Author
Widgets
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out