education
5-0 . Harmonic Pattern
The 5-0 pattern was discovered by Scott Carney
🔹It was published in his book “Harmonic Trading, Volume Two.”
It is a unique model that has accurate Fibonacci ratio corrections to validate the model.
🔹Although the 5-0 pattern is considered a reversal pattern, because the 50% retracement level is the most important in the potential reversal area.
Correction ratios are slightly different from Bat or Gartley style.
🔹The 5-0 category is in the 5-point harmonic reversal family of models
🔹It is essentially defined by a point B, as is mandatory for all harmonic patterns.
The basic premise of the pattern is to determine the reactions after completing the opposite direction
5-0 patterns usually represent the first pullback of a major trend reversal.
🔹In many cases, the AB leg of the structure is the last failed wave of the trend.
The 5-0 pattern was discovered by Scott Carney
🔹It was published in his book “Harmonic Trading, Volume Two.”
It is a unique model that has accurate Fibonacci ratio corrections to validate the model.
🔹Although the 5-0 pattern is considered a reversal pattern, because the 50% retracement level is the most important in the potential reversal area.
Correction ratios are slightly different from Bat or Gartley style.
🔹The 5-0 category is in the 5-point harmonic reversal family of models
🔹It is essentially defined by a point B, as is mandatory for all harmonic patterns.
The basic premise of the pattern is to determine the reactions after completing the opposite direction
5-0 patterns usually represent the first pullback of a major trend reversal.
🔹In many cases, the AB leg of the structure is the last failed wave of the trend.
Note
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.