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.
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.
Labels: BNBR, Bullish 5-0 Pattern
posted by Boy YR at
12/16/2007 06:16:00 PM
1 Comments:
YUP - pake weekly chart utk bnbr - memang lebih jelas utk melihat/membaca polanya incl.targetnya + kebetulan confirmed dg daily chart-nya
Target big W = 330 + 110 = 440 - setinggi titik perpotongan garis yg ditarik2 antara titik2 terendah di bulan Agustus (205) + Pebruari (255) - dg garis tegak-lurus di tengah2 W di bukan Okt (330) <== kemudian ditambahkan garis tegak-lurus yg diperoleh tsb ke garis horisontal di 330 tsb (spt menghitung target H & S)
Happy chuan,
Aria
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