Get started

5-0 Pattern

ETH BullJust your normal bull market. Enjoy guys. A quick bull run up to $5297 Eth And then a retracement ( bottoming out ) to/at $2262 Eth Take entry at your own accord. Not financial advice. TP 1 : $4400 Enter again @ $3050-$3100 TP 2 : $5297 and wait for bearish divergence confirmation. A more aggressive TP 2/3 could be $6467 Enter again @ $4146 TP 3 : $4864 The End. Let the market crash down from 25 August 2022 all the way to ---> 3 February 2023 As always be safe. Spend more time with your loved ones.
COINBASE:ETHUSDLong
by BoredNinjaClub
EURJPY - Bullish FlagLast week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit. If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity. Well, there is a Potential Bullish Flag setup complete at 127.46, that's the price you can wait for a retest combined with a 3-bar reversal to head in the trade. If the market break and close below that level, you can wait for the Bullish Shark Pattern setup on both 1hourly and 4hourly chart setup.
Long
by RaynLim
EURJPY - 5-0PatternA Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should engage the 2nd and 3rd times as long as formed up in those areas. But if you did short this, you would have gained a total of 848pips. 5-0 Pattern is much easier as it has only 1 entry zone and 1 profit level. You only need to wait for candle confirmation to trade back up to the profit level. I will be waiting for a double bottom setup with RSI Divergence on a lower timeframe to take advantage of the setup.
Long
by RaynLim
Bearish 5-0 Entry Below Ascending Broadening Wedge Demand LineJust Like BTC Did a Few Weeks Ago , The SPY has broken below an Ascending Broadening Wedge Demand Line and has formed a Bearish 5-0 at the tail-end of the breakout. The Reciprocal AB=CD PCZ of this Bearish 5-0 takes us to the 55% Fibonacci Retracement and that's where we closed today. If we get follow-through price action we should see the SPY Continue Downwards from here and perhaps fulfil the Measured Move of the Ascending Broadening Wedge and take us all the way back down to $344.43
AMEX:SPYShort
by RizeSenpai
6