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5-0 Pattern

Bearish shark/5-0 NZD/USD 4 hour chart Hello people, here we have a bullish 5-0 pattern on the 4h timeframe with NZD/USD -0.06%. Price just formed a valid C point at the minimum 1.618 level which aligns with a valid bearish shark pattern, which has opened up a shorting opportunity from C to D. 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 expect a reversal to take place and m added confluence has confirmed that I I hope you's all have a great week folks, feel free to comment and or connect with me, Michael.
Short
by MichaelCollins18
NZD/USD - Double Trading OpportunityHello traders, here we have a bullish 5-0 pattern on the 4h timeframe with NZD/USD. Price just formed a valid C point at the minimum 1.618 level which aligns with a valid bearish shark pattern, which has opened up a shorting opportunity from C to D. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Taking a look at the daily chart below price is still respecting the upper resistance trendline. If we experience a successful short position from C to D, this will open up an opportunity to buy in the future. I hope you all have an excellent week and safe trading!
Short
by LewisGlasgow
42
NZD/USD - Bullish 5-0 + GOLDEN RATIO X3Hello traders! I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week. We are looking at a bullish 5-0 on the 4H chart with NZD/USD. Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES! I usually never trade this pattern down unless the first 4 measurements of a 5-0 match a shark pattern, but you cant ignore confirmation like this. I'll be trading this pattern down until it hit D point (0.7010), closing profit and following it up with a long position back up to (0.7200). The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Long
by cdschultheis15
2
NZD/USD - Bearish Shark + Bullish 5-0 + CONFLUENCE + DOUBLE PLAYMAJOR CONFLUENCE HERE TRADERS! I am super excited about this set up! Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD. Sharks and 5-0s compliment each other, given the similar Fibonacci measurements. The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level. That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order. REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account. Set up like this are HUGE on growing your account and profiting on both ends. Risk/Reward Ratio - 1:4 The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 Risk/Reward Ratio - 1:3.55 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
by cdschultheis15
1
Nesting Sharks, 5-0 Patterns w/ Ichimoku & Fibonacci ConfluencesSo I have been having a pretty good day and might be pushing my luck here but -- this is what I am watching for on Silver for the next 1-2 days (or until proven wrong, anyway). I am already short based on the near-completion of a much larger bearish 5-0 pattern (idea shared by @pixi -- thanks!). I have now identified two bullish sharks, both of which, if successful, will lead to bearish 5-0 patterns and continue in the direction of my current bias. Interestingly there is support from the Ichimoku Cloud indicator at the completion of both of these sharks -- the 4H Kijun Sen lies at the PRZ of the baby shark and the SSB is right around the PRZ of the larger. In addition, the baby shark completes right in the area of the .382 retracement of Silver's recent bullish move from ~$16, while the larger completes almost right at the .618. Very cool. *It is always advisable to watch the price action in these PRZs before taking the pattern so I will be doing so on the lower time frames to decide whether I want to close the shorts and switch to longs at these points.* If you have any comments or feedback on this idea, or your own view of Silver, please share it!
COMEX:SI1!Short
by SharkbaitAl
GBP/AUD- Bullish 5-0 4 hour time frameGood afternoon folks, here we have GBP/AUD forming a bullish 5-0 on a 4 hour timeframe. The measurements for a valid 5-0 pattern are: B: 1.13-1.618 C: 1.618-2.24 D: 0.50 Price has formed at the C point of 1.76 and I'm expecting a further decline to the D point which will make this trade valid, after this I expect a reversal. The TP level is at C point The SL level is at the closest level of resistance to the D point. I hope you's all have a good week
Long
by MichaelCollins18
GBPNZD - Bullish 5-0 completionGBPNZD will complete a bullish 5-0 pattern around 1.8708. This is nicely aligned with the bigger trend. There are 2 ways to enter into this trade. 1. Buy after candlestick reversal at 1.8708 2. Buy after price stabilize around 1.8708 and break above trendline Targets will be right back at the highs around 1.8860. SL will be 50 pips below the entry. This idea will be invalidated if price does not stabilize at 1.8708 and crashes through it.
Long
by TerryHarmonicTrading
EUR/AUD LongOver the weekend I am looking to get a lot of charting done. First I am looking at a long 5-O position on the euro/aussie on the daily timeframe. Price has spiked against the weekly trend line, which I expect it will do so again. I used the XABCD tool to map the 5-O; where our B point would be on the pattern (C point on the tool) is a solid 1.618 extension of the previous wave. Due to the precise nature of the pattern, I expect the reversal to be just as accurate (our C point being almost perfectly at the 1.618 or 2.24 extension levels). Once price rallies and reverses from the C point, we will wait for a long entry within the 50% reversal zone! By time price reaches our D point as planned, I expect price volatility to have calmed after the french election- it should be stable enough to take an entry (especially being on the daily timeframe). You can clearly see that there is a history of support/resistance between 1.45 and 1.49. Ps. We will for sure be looking for a reciprocal AB=CD within the 5-O as it develops. 5-o Ratios B:1.13-1.618 C:1.618-2.24 D:50%
Long
by KyleMcQuade
XAG/USD - Shark and 5-0Hello traders, here we have a bullish shark pattern and bearish 5-0 pattern on the 4h timeframe with XAG/USD. Price is currently completing the C point of the bearish 5-0 at the minimum 1.618 level which aligns with a valid bullish shark, although it could drop further 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 This is an early prediction, I'll be analysing this pair further once it approaches 15.68000. I hope you all have an amazing weekend when it comes!
OANDA:XAGUSD
by LewisGlasgow
6
NZD/CAD - Bullish 5-0 + GOLDEN RATIO x2 + 50% RETRACEMENT X2Hello, traders! This set up is looking too good to pass! Here we have a bullish 5-0 on the 4H chart with NZD/CAD. Absolutely nothing but GOLDEN RATIOS & 50% RETRACEMENTS. With price making its way up to C point (0.96176),we will look for price to reverse and make it way down to D point (0.93955) and completing the pattern. It should be noted that C point (0.96176) is a strong support/resistance zone in the market. Risk/Reward Ratio - 1:3.5 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Long
by cdschultheis15
2
NZD/CHF - Bearish 5-0Hello, everyone! I hope everyone week is going well. Today, we are looking at a bearish 5-0 on the 1D chart with the NZD/CHF. Price is making its way down to C point measuring in at 1.618, which is also a very strong support and resistance zone for this pair. With price reversing at C point, we can look to place a position at the 0.50 retracement coming in around 0.7024 Risk/Reward Ratio - 1:3 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15