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.
LewisGlasgow LewisGlasgow TOP GBPUSD, 240, Long ,
GBPUSD: GBP/USD - Bullish 5-0
527 9 29
GBPUSD, 240 Long
GBP/USD - Bullish 5-0

I'm back with another 5-0 pattern but this time on the 4h timeframe with GBP/USD. 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 is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at the 1.618 level as a bearish deep crab forms in the same ...

amilajayawi amilajayawi USDJPY, D, Short ,
USDJPY: 5-0 & 5-0 Violation
50 2 3
USDJPY, D Short
5-0 & 5-0 Violation

Short

amilajayawi amilajayawi CADCHF, 240, Short ,
CADCHF: 5-0 Pattern in the forming
7 0 2
CADCHF, 240 Short
5-0 Pattern in the forming

Long then Short

LewisGlasgow LewisGlasgow TOP EURUSD, D, Short ,
EURUSD: EUR/USD - Bearish 5-0
2394 28 104
EURUSD, D Short
EUR/USD - Bearish 5-0

Wow this is huge! Today we have EUR/USD on the daily chart with a bearish 5-0 pattern, I'm absolutely loving the look of this setup already! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 This pattern links in with my previous idea for EUR/USD with a bearish three drives pattern (chart is shown ...

LewisGlasgow LewisGlasgow TOP EURCAD, 60, Long ,
EURCAD: EUR/CAD - Bullish 5-0
1151 6 54
EURCAD, 60 Long
EUR/CAD - Bullish 5-0

I'm back with another 5-0 pattern but this time on the 1h timeframe with EUR/CAD. Price is currently completing the C point in between 1.618 and 2.24, it may alter the PRZ depending on where it completes. 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 fill the 200+ pip gap and stall ...

LewisGlasgow LewisGlasgow TOP EURCHF, D, Short ,
EURCHF: EUR/CHF - Bearish 5-0
675 5 52
EURCHF, D Short
EUR/CHF - Bearish 5-0

I'm back with another 5-0 pattern but this time on the daily timeframe with EUR/CHF. 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 is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at 1.618 level. If it drops lower it will complete a ...

LewisGlasgow LewisGlasgow TOP AUDCHF, 240, Long ,
AUDCHF: AUD/CHF - Bullish Cypher
864 2 62
AUDCHF, 240 Long
AUD/CHF - Bullish Cypher

Hello traders, following up from my successful bearish 5-0 for AUD/CHF (chart is shown below), I have now spotted a bullish cypher which completes at the bottom of an ascending channel on the daily chart. https://www.tradingview.com/chart/AUDCHF/YU0iTdQD-AUD-CHF-Bearish-5-0/ This is an excellent opportunity with a potential 250+ pip return. If you take a look ...

LewisGlasgow LewisGlasgow TOP AUDJPY, 240,
AUDJPY: AUD/JPY - Pattern Confluence
4855 69 143
AUDJPY, 240
AUD/JPY - Pattern Confluence

Wow this is huge! Today we have AUD/JPY on the 4h chart with a lot of confluence around the 81.500 level. At this level, price will form a valid bullish crab pattern and the C point of two bearish 5-0 patterns. I'm absolutely loving the look of this setup already! That exact same level is a pivot support in the market as shown below. ...

LewisGlasgow LewisGlasgow TOP USDMXN, 240, Long ,
USDMXN: USD/MXN - Bullish Shark
772 15 34
USDMXN, 240 Long
USD/MXN - Bullish Shark

Hello traders, here we have USD/MXN with a bullish shark pattern on the 4h chart. This is an excellent buying opportunity with over 1:3 risk to reward, don't miss out on this one! 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 ...

LewisGlasgow LewisGlasgow TOP USDCHF, 240, Short ,
USDCHF: USD/CHF - Bearish 5-0
1321 10 54
USDCHF, 240 Short
USD/CHF - Bearish 5-0

Hello traders, following up from my previous post on USD/CHF with a descending channel (chart is shown below), price has now formed a perfect bearish 5-0 pattern on the 4h chart. 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 consider this pattern to be perfect as both B and C points come in a 1.618. ...

VerthagOG VerthagOG GNTBTC, 60, Long ,
GNTBTC: GOLEM UX | Super Computer | Buy
985 3 19
GNTBTC, 60 Long
GOLEM UX | Super Computer | Buy

release of Golem 0.5.0 for Ubuntu and macOS. Over last week we improved stability and throughput of the network as well as patched some bugs in blockchain synchronization. GOOD BUY

LewisGlasgow LewisGlasgow TOP EURAUD, 240, Short ,
EURAUD: EUR/AUD - Bearish 5-0
870 0 48
EURAUD, 240 Short
EUR/AUD - Bearish 5-0

I'm back with another 5-0 pattern but this time on the 4h timeframe with EUR/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 is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at 1.618 as this is a key level of support. It appears a ...

LewisGlasgow LewisGlasgow TOP BTCUSD, 60, Short ,
BTCUSD: BTC/USD - Bearish Shark
1489 15 64
BTCUSD, 60 Short
BTC/USD - Bearish Shark

Hello traders, here we have BTC/USD with a bearish shark pattern on the 1h chart. 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 form an X to D of 1.13 but I find it unlikely... If it does it would create a valid bullish 5-0 pattern. Feel free to connect with me below :)

pixi pixi BTCUSD, 240,
BTCUSD: $1257 target
544 2 18
BTCUSD, 240
$1257 target

Hi, Likely shark bearish at $1257. If success, expecting a pullback on $1075 for a long again. Daily Bullish gartley completed at $890 https://www.tradingview.com/chart/BTCUSD/MuZNIDnh-Bullish-Gartley/

LewisGlasgow LewisGlasgow TOP XCUUSD, 240, Short ,
XCUUSD: XCU/USD - Head and Shoulders
415 2 46
XCUUSD, 240 Short
XCU/USD - Head and Shoulders

There are some amazing setups forming on the charts, here we have XCU/USD on the 4h chart with a head and shoulders pattern. The right shoulder formed on the 0.618 retracement level, which is an ideal level as the pattern as a whole generally holds a better structure in this situation. There has now been a pullback to the trendline, providing an excellent area ...

LewisGlasgow LewisGlasgow TOP BTCUSD, D,
BTCUSD: BTC/USD - Price Structure
948 2 41
BTCUSD, D
BTC/USD - Price Structure

Following up from my successful prediction over 1 month ago (chart is shown below), BTC/USD has now returned into the ascending channel on the daily timeframe. https://www.tradingview.com/chart/BTCUSD/E0nWa5B3-BTC-USD-Bullish-5-0/ Since predicting the bullish 5-0 price created an all-time high and totally exceeded my expectations. This post simply highlights ...

LewisGlasgow LewisGlasgow TOP AUDJPY, 240, Short ,
AUDJPY: AUD/JPY - Bearish 5-0
683 2 30
AUDJPY, 240 Short
AUD/JPY - Bearish 5-0

I'm back with another 5-0 pattern but this time on the 4h timeframe with AUD/JPY. Price is currently completing the C point at the minimum 1.618 but it could drop further to 2.24 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 The 5-0 structure has a perfect ...

LewisGlasgow LewisGlasgow TOP XAGUSD, 240,
XAGUSD: XAG/USD - A Short Review of the 5-0
702 5 46
XAGUSD, 240
XAG/USD - A Short Review of the 5-0

Harmonic patterns are a very precise way to trade, if executed correctly. BUT... The 5-0 is my all time favourite pattern to trade, my accuracy with this pattern across all financial markets is absolutely mindblowing. Two months ago I posted a 5-0 pattern on the 4h timeframe (chart is shown below), I'm using the same timeframe today and now that the move has ...

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