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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.
Trading1to100 Trading1to100 GBPNZD, 240,
GBPNZD: GBPNZD 5-0 PATTERN IN THE CD LEG
37 0 5
GBPNZD, 240
GBPNZD 5-0 PATTERN IN THE CD LEG

NEARING COMPLETION PRICE TARGET FOR AB=CD= 17830(100%). In extension then AB=CD 17765(127%)/AB=CD 17665(162%).

Pepabechr Pepabechr GBPCHF, 240, Long ,
GBPCHF: potencional pattern 5-0
23 0 3
GBPCHF, 240 Long
potencional pattern 5-0

Pepabechr Pepabechr AUDJPY, D, Short ,
AUDJPY: pattern 5-0 is finish next run A5-0 ?
20 0 2
AUDJPY, D Short
pattern 5-0 is finish next run A5-0 ?

Pepabechr Pepabechr NZDUSD, 240, Long ,
NZDUSD: potencional pattern 5-0 +A5-0
27 0 4
NZDUSD, 240 Long
potencional pattern 5-0 +A5-0

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