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Detailed explanation of the harmonic model 5-0

Detailed explanation of the harmonic model 5-0

5-0 pattern discovered by Scott Carney and published in his book “Harmonic Trading, Volume Two”
It is a unique model that has precise corrections of the Vibonachi ratio to check the health of the model.
Although the 5-0 pattern is a reflective pattern, because the 50% recovery level is the most important in the possible reflection area, and the correction ratio is slightly different from the Bat or Gartley pattern .
The 5-0 category falls within a family of 5 point harmonious reflection models and is essentially defined by the B point, which is mandatory for all compatible patterns.
The basic pattern assumption is to determine reactions after finishing the opposite direction, and 5-0 patterns usually represent the first retreat to reflect the large direction.
In many cases, the AB rib of structure is the final failing wave of direction.
“The buying pattern”
-Rib 0X beginning of formation of model structure.
XA rib does not require a certain correction, but provided it does not break the top of the rib 0X.
- AB rib between fibonachi extensions 1.13 to 1,618 from XA rib.
-C point between fibonachi extensions 1.618 to 2,224 from AB rib.
-Dot D from here we need to see one lower final comeback complete at the BC Correction Level 50.
- CD rib should D be equal in AB rib length.
“The Selling pattern”
-Rib 0X starting to be the model structure.
The XA rib does not require a certain correction, but provided that the bottom of the rib is not broken.
- AB rib between fibonachi extensions 1.13 to 1,618 from XA rib.
-C point between fibonachi extensions 1.618 to 2,224 from AB rib.
-Dot D from here we need to see one lower final comeback complete at the BC Correction Level 50.
- CD rib should be equal in AB rib length.


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