5-0 Pattern
Shark, Bat, Crab & Possible Bearish 5-0Let the haters hate while we make money
Long @ 79.30 TP 85.75
Long @ 64.50 >> Mark my wordsWe are still in the bearish shark reracement. It has not yet hit the 50% FIB level.
Once @ 64.50 Long to the 50% FIB level of the Bullish Shark /61.8% Bullish Crab FIB Level.
Perfect 5-0 Pattern - Time to go Long We Killed our last target with 1100 Pips banked in a day. Time to make the same thing going long
(PER REQUEST) Just readin from the tapeBullish Shark Pattern. Bearish 5-0 Pattern. This is money peeps.
Long to the 50% Fib 10,550 then Short to 8920
Bearish Shark with forming 5-0 PatternVery well measured bearish shark with bearish divergence has completed and is leading to the formation of a harmonic 5-0 pattern. This could be a very nice long term play! I am short @ 1.28857
Alright, Here we go.. Great R/RI'm taking her long to .9870 Then Shorting to .8400.
.9870 will complete the D leg of the bearish 5-0 pattern and the full 3.618 extension of the bullish AB=CD pattern AB= .786 CD =3.618
ANTI ALT SHARK & BULLISH 5-0 PATTERNSThis is a high probablilty trade for me.
Shark and 5-0 patterns were developed by Scott Carney. Shark is 5-0 pattern without the last leg with additional constrains. The patterns are relatively new, but becoming more popular lately. The pattern stands out from the ranks of the other harmonic patterns because it is intended to start a new trend rather than identify retracement.
Technicals change on a day to day bases. Hell, even moment to moment. That's why I never fall in love with any trade. Shit is always subject to change and you should be ready for that at any given moment.
5 DRIVES PATTERN!!! DEEP CRAB PATTERN!!!! AB=CD PATTERN!!! Throw the house at it!!!
It doesn''t get any better than this for me. Tight SL Great risk Reward Ratio. Let's get it!
'If I'm not the greatest then I'm headed for it"
YOU SAW IT HERE FIRST!!!I really wish that I could have caught that Black Swan Trade. Beautiful set up, damn near perfect. Retraced all the way to the 78.6% FIB LVL and has now exhausted it'self momentarily.
Now we are in the retracement stage. Don't worry! The bulls aren't dead by no means. This is just a momentary rest period hence the Bullish flag being formed. Just take it on down to the 50% Fib retracment then throw the house at it @ $8,800.
All comments, btches, gripes, complaints, constructive criticism welcomed.
"If I'm not the greatest then i'm headed for it"
XAG/USD Bearish 5-0Hey guys, tonight I'm looking a 5-0 position on silver! I previously had my eye on a bullish shark, which has turned into a bearish 5-0 (see below).
Price has already touched the 50% retracement and is beginning to show signs of reversal after the bearish engulfing candle! Price is also about to make a double top on the 1 hour chart. Taking this into consideration, this will be a good area to enter a short position. Price is also re-testing previous support which has turned to resistance due to the change in trend.
With 5.0's they are invalid once price reaches the 0.618 level retracement level, so our SL should be just above this point. Risk as always should be a minimum 1:2.
5-0 Ratios
B = 1.13-1.618
C = 1.618-2.24
D = 0.5
Analysis will be updated as we go along!
