Bullish 5-0 Pattern on BNBR

BNBR potentially to perform a bullish 5-0 Pattern.

The 5-0 pattern outlined by Scott M. Carney in his book Harmonic Trading of the Financial Markets: Volume Two published in 2005.
The 5-0 Pattern is a unique structure that possesses a precise alignment of Fibonacci ratios to validate the pattern.

Basic 5-0 pattern requirement :

* The B Point requires at least 1.13 retracement of XA length and cannot exceed 1.618.
* The BC leg is the longest price length of the structure and must be at least a 1.618 extension of the AB length but it must not exceed 2.24. This tight range of 1.618-2.24 is a defining element of the structure. If the 1.618 minimum limit is not reached, the structure is not a valid 5-0.
* After the BC leg has reversed from that zone, the 50% retracement is measured from the B point to the C point.
* In addition, the Reciprocal AB=CD is projected from the C point (an equivalent length of the AB leg) to compliment the Potential Reversal Zone (PRZ). The following illustration will clearly explain these concepts.

MEDC - Symmetrical Triangle

Latest MEDC chart showed a Symmetrical Triangle Pattern.

The Symmetrical Triangle usually forms during a trend as a continuation pattern. While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend.

in the book of Technical Analysis of Stock Trends, Robert D. Edwards and John F. Magee suggest that roughly 75% of symmetrical triangles are continuation patterns and the rest mark reversals.

Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.

If the price break up the resistance line at 5.500, it considered as a Buy signal. Be wary of breakouts from triangles where the valid breakout does not occur until the apex of the triangle.
Experts, including Edwards and Magee, maintain that the most reliable breakouts occur about two-thirds of the way along the triangle. In this case two-thirds of latest MEDC triangle is approximately at 5.600.

But if the price break down the support line at 5.150, then it is a Sell signal.

Best Regards,