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Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets
book

Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets

by Scott M. Carney
May 2010
Intermediate to advanced content levelIntermediate to advanced
288 pages
6h 26m
English
Pearson
Content preview from Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets

Chapter 3. New Harmonic Patterns

The 5-0 Pattern

Although I have been aware of the structure for quite some time, the 5-0 pattern is a relatively new discovery within the Harmonic Trading approach. I have studied thousands of cases to define the best 5-0 structures. Although I will not cover execution or trade management strategies, the principles are the same as for all harmonic patterns and can be found in Harmonic Trading: Volume One. Although this new pattern possesses many characteristics that are consistent with all harmonic structures, several traits truly differentiate it from the rest.

The 5-0 pattern is a unique structure that possesses a precise alignment of Fibonacci ratios to validate the structure. Although the 5-0 is considered ...

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Harmonic Trading, Volume One: Profiting from the Natural Order of the Financial Markets

Harmonic Trading, Volume One: Profiting from the Natural Order of the Financial Markets

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Publisher Resources

ISBN: 9780132171762Purchase book