5-0 Pattern
gartley, 5-0 and channel.Here we have a bearish 5-0 completing inside a channel. I have gone short since the top of the channel and will be holding that position until 0.985. The 5-0 also helps complete the consolidation waves of the Gartley. The Gartley completes among a strong pivot area on the daily chart where price has previous made a major reversal.
As previously mentioned, I am not most impressed by 5-0's but this set has multiple layers to it. This confluence is EXACTLY what we need when trading harmonics.
Gartley ratios
B: 0.618
C:0.382-0/886
D:1.272-1.618
xD: 0.786
EURUSD 5-OHappy Friday, Troops. I haven't been active in a while- I've been working on those 5-o's. They still aren't doing anything for me, I'm a much bigger fan of the Ms and Ws, but here goes.
As harmonic swing traders we look at the daily chart for direction and use the 4 hour to find a pattern that fits direction (in a nutshell)- I occasionally look at daily patterns with support and resistance from weekly charts but that's once in a blue moon.
If you look at this daily chart there's a ascending wedge; within said wedge we have a 3-drive pattern. I'll be long until the 3-drive is complete. At which point, a bearish 5-o is completing on the daily chart. I'll be looking for a short signal from around 1.095(ish), and entering until the pivot point around 1.06.
Again, I'm new to the whole 5-O game, it was suggested to me by a friend- lets see how this plays out!
EUR/AUD - Bearish 5-0I'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 valid head and shoulders pattern has formed and price is currently sitting on the neckline.
This is an early prediction but I love to pick out market turning points :)
I've got more analysis on the way, stay tuned!
USD/CHF - Bearish 5-0Hello 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.
Currently price is stalling at the top of the channel, I'm expecting a sell-off right down to support.
I hope you all have an excellent week.
Here's to your success!
AUD/CHF - Bearish 5-0Hello, traders!
Here we are looking at a bearish 5-0 on the 4H chart with AUD/CHF.
As price continues the trend down to C point, we can expect price to reverse and make its way to D point.
Risk Ratio - 1:4
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
USD/CHF - Bullish 5-0 + Descending WedgeHello, traders!
Today, we are looking at a bullish 5-0 on the 1D chart with USD/CHF.
With price breaking out of the descending wedge, we can look for the market to make its way to C point.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
AUD/JPY - Bearish 5-0I'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 reciprocal AB=CD pattern within it, which completes at the 50% retracement level at D.
I hope you all have a great week, don't forget to add me on social media!
XAG/USD - A Short Review of the 5-0Harmonic 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 finished I'd like to give you guys a short review of this trade from top to bottom.
I encourage you to click the play button (load new bars) on the 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
This setup offered an excellent risk to reward of 1:3.
The C point formed just below 2.24, creating an opportunity to short as it formed a valid bearish shark pattern (chart is shown below).
Most shark patterns turn out to be 5-0's, providing a double trading opportunity like the one shown.
The outcome was absolutely perfect, the reversals were extremely precise and it's the main reason why harmonic patterns are becoming the most popular way to trade.
I am available via private message for any questions you may have.
Don't forget to add me on social media :)
A bullish opportunityAfter breaking above a 2 week resistance 111.5, a bullish 5-0 pattern is likely to take place after a retest with a divergence on RSI.
Good luck.
BTC/USD - Bullish 5-0Hello traders, following up from my three drives post for BTC/USD (chart is shown below), I'm now looking at a potential bullish 5-0 on the weekly timeframe.
If the three drives pattern fails to complete, the bullish 5-0 will be the favoured outcome.
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 have drawn up this pattern before using a C point of 1.618, but it did not form until 2.24 and this is why I'm re-posting.
Thank you all for your continued support! Feel free to connect with me below.
Crude Oil - Bearish 5-0I'm back with another 5-0 pattern but this time on the 4h timeframe with USOIL.
This pattern is about to complete and I'll be ready to enter this week coming, the 50% retracement is a solid resistance level providing us with an excellent entry point.
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've got plenty more analysis on the way this week, keep supporting and stay tuned!
A possible bearish 5-0 patternAfter breaking out of the bullish wedge, the price action is likely to retrace 50% of the wave and validate our bearish 5-0.
I recommend that you watch out for a sell setup at the 50% - 61.8% area.
Good luck.
USD/JPY - Bullish 5-0 patternHere we are looking at a bearish 5-0 pattern on the 4h chart with USD/JPY.
As the market price has been moving down for this pair, it seems that we have reached a point of reversal.
Signaled by a new higher low at B point (circled), this marks a shift in trend and also a completion of an ABCD pattern referenced in my related ideas.
We can look for price to reverse all the way up to C point, then look for a reversal to complete the pattern.
Risk Ratio - 3:1
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
AUD/CHF - Bearish 5-0Here we have another 5-0 pattern but this time on the 1h timeframe with AUD/CHF.
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
Feel free to connect with me on below :)
EUR/NZD - Bullish 5-0Here we have another 5-0 pattern but this time on the 4h timeframe with EUR/NZD.
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 completing the C point at the minimum 1.618 which aligns with a bearish shark pattern (chart is shown below).
I'll be looking to go short from 1.57400, followed by a long position at 1.51400.
Feel free to connect with me on below :)
EUR/GBP - Bullish 5-0Well it seems to be 5-0's all around this week, here we have EUR/GBP on the 4h chart with yet another bullish 5-0 pattern.
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 100 pips away from the PRZ, keep an eye on this pattern completing to go long!
Bearish shark+Bullish 5-0Potential bearish shark bullish 5 0 combo. Lots of bullish price action candles. If it breaks below may continue for another 100 pips, be aware of that
AUD/USD - Bullish 5-0Hello traders, it appears AUD/USD is now forming a 5-0 pattern on the 1h chart. This is a follow up from a successful short which is about to hit take profit (chart is shown below).
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
All round excellent opportunity with over 1:3 risk to reward.
I hope you all have a great week :)
