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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.
ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 Complete w/ RSI Confirmation
1313 2 24
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.

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 ...What I Know
1634 10 29
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 ...

pixi pixi USDJPY, D, Long ,
USDJPY: Bullish 5-0
373 2 18
USDJPY, D Long
Bullish 5-0

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

LewisGlasgow LewisGlasgow PRO NZDUSD, 240, Short ,
NZDUSD: NZD/USD - Double Trading Opportunity
3028 42 72
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 ...

LewisGlasgow LewisGlasgow PRO GBPAUD, 240, Long ,
GBPAUD: GBP/AUD - Bullish 5-0
2913 6 73
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 XAGUSD, 240,
XAGUSD: XAG/USD - Shark and 5-0
2500 6 67
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 ...

derekvela derekvela GBPUSD, 240, Long ,
GBPUSD: GBPUSD Bullish 5-0 set up
39 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
110 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
37 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
89 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
37 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
78 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
122 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

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 Now!
1238 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
1099 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!

derekvela derekvela EURAUD, D, Long ,
EURAUD: EURAUD bullish 5-0 pattern swing trade
67 0 3
EURAUD, D Long
EURAUD bullish 5-0 pattern swing trade

High probability Advanced harmonic, swing trade opportunity

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