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Okay getting better for me.
Bearish Shark on UsdJpy M5
Indicator checks lengths of XA, AB, BC, CD legs.
Shortest leg is AB which is 44.5 (can be seen on info screen)
Minimum TP1 is 44.5 * 0.618 = 27.50 pips.
So first TP1 = D point - 27.50 pips = 101.161 - 27.50 = 100.886
TP1 should be calculated from D point not from order open priceThanks Grandeavus, the makes sense...
D1
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2 RyuShin
Нenry resembles on A 5-0
Thanks RyuShin
2 RyuShin Нenry resembles on A 5-0
Okay poruchik now it's clear. I won't be confused anymore. ZUP135 detects correct 5-0 pattern while sometimes 113wsv53 detects different-ratio 5-0 pattern. Maybe that's why you asked grandaevus to reprogram 5-0 pattern.
What indicator is that? It doesn't seem to be ZUP. It was taken little late because you noticed the pattern late or you were not quite sure about the pattern?
Oh that's ZUP_v113wsv53 5-0 new, right? It just looks different. Maybe you tweaked it a bit.
Thanks RyuShin
You're very welcome.
the pattern 5-0 is only special case of "a proportional rectangle" ABCD. The author of model 5-0 imposed restriction on a pattern - the movement CD has to come to the end at the level of 50% from VS course. The real market is much more diverse, and more often on is mute it is possible to meet a pattern 5-0 with not absolutely "correct" proportions. Formation of similar model though smaller signal on the importance, than 5-0 corresponding to all rules, but it is necessary to consider it all the same. So, we will address to examples.
pic. the pattern was formed in the beginning duly, but the piece of CD came to the end at the level of 38,2%, without having held on to the put 50%. Further the prompt growth of the price followed.
Гармоничные паттерны. Вариации 5-0.
(russian)
The harmonious pattern in fig. corresponds to all rules, except for one - the point of D is created at the level of 61,8%. It is also significant fibo-level, and considerable part of patterns 5-0 comes to the end at this level.