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5-0 Pattern

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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.
Night_Trader Night_Trader US30USD, 15, Long ,
US30USD: Bullish 5.0 pattern in the $Dow. $DIA $YM_F
49 0 3
US30USD, 15 Long
Bullish 5.0 pattern in the $Dow. $DIA $YM_F

Maybe a bit late for day trading at a friday afternoon.

LewisGlasgow LewisGlasgow PRO XAGUSD, 240,
XAGUSD: XAG/USD - Shark and 5-0
2540 6 69
XAGUSD, 240
XAG/USD - Shark and 5-0

Hello traders, here we have a bullish shark pattern and bearish 5-0 pattern on the 4h timeframe with XAG/USD. Price is currently completing the C point of the bearish 5-0 at the minimum 1.618 level which aligns with a valid bullish shark, although it could drop further before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed ...

Night_Trader Night_Trader EURNZD, D, Long ,
EURNZD: [symbol="EUR/"]EUR/[/symbol] 5.0 and Gartley confluence long
137 0 10
EURNZD, D Long
[symbol="EUR/"]EUR/[/symbol] 5.0 and Gartley confluence long

If the smaller Gartley pattern completes in the EUR/, it will do so at around the same price where the bigger 5.0 pattern has already completed at 2017-06-19 . There should be the chance for a 3:1 R/R ratio trade.

LewisGlasgow LewisGlasgow PRO NZDUSD, 240, Short ,
NZDUSD: NZD/USD - Double Trading Opportunity
3143 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 ...What I Know
1695 10 33
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 ...

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 Complete w/ RSI Confirmation
1339 2 25
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.

Mascot Mascot NZDUSD, D,
NZDUSD: NZDUSD FOR SELL
38 2 4
NZDUSD, D
NZDUSD FOR SELL

EXPECTED SELL FOR THAT PAIR DUE TO ACCOMPLISH NENSTAR PATTERN

LeTigre75 LeTigre75 GBPJPY, 240, Short ,
GBPJPY: GPBJPY H4 potential bearish 5-0
65 0 2
GBPJPY, 240 Short
GPBJPY H4 potential bearish 5-0

Looks like bearish 5-0 figure.

pixi pixi USDJPY, D, Long ,
USDJPY: Bullish 5-0
432 2 18
USDJPY, D Long
Bullish 5-0

Hi, Long USDJPY at 111.7 on 5-0 completion. Short term targets on the chart.

derekvela derekvela GBPUSD, 240, Long ,
GBPUSD: GBPUSD Bullish 5-0 set up
44 0 8
GBPUSD, 240 Long
GBPUSD Bullish 5-0 set up

5-0 set up at support zone. Targets at previous highs

Alaa1990 Alaa1990 PRO DXY, D, Long ,
DXY: DXY .. get ready to go long
116 3 10
DXY, D Long
DXY .. get ready to go long

Hello traders DXY currently in the end of correction pattern, and it's expected to finish by this week. let's put it under watch list and waiting for price action confirmation in the area to go long good luck all

telladora telladora IBB, D, Long ,
IBB: IBB "5-0 Pattern" formation. Bounce from 303 level very likely
45 0 3
IBB, D Long
IBB "5-0 Pattern" formation. Bounce from 303 level very likely

NASDAQ:IBB reversing from 2.24 AB extension and should find some strong support at 50% retracement of 303. This is potential reversal zone upward for this pattern. It also marks the channel low. If it does not bounce from as per 5-0 pattern. Then it falls super fast to 0.886 retracement. of

Alaa1990 Alaa1990 PRO USDCAD, D, Long ,
USDCAD: usdcad / possiable 5-0 pattern
92 4 6
USDCAD, D Long
usdcad / possiable 5-0 pattern

Hello traders, watch the price action in the yellow area, the PRZ of shark pattern and 5-0 pattern Good luck all

Alaa1990 Alaa1990 PRO EURNZD, D, Short ,
EURNZD: EURNZD
40 0 5
EURNZD, D Short
EURNZD

Hello traders, EURNZD is expected to resume the down trend. the pair compete 5-0 pattern and test the nick line of H&S pattern Good luck traders

KyleMcQuade KyleMcQuade PRO NZDCHF, 240, Short ,
NZDCHF: NZDCHF Short
94 0 9
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
126 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

123456...Show More Ideas
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