Pattern called "*bearish 5-0*" seen on BUMI price chart. This 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. The 50% retracement is the most critical number considered as Potential Reversal Zone. 50% Retracement sometimes extend to 61,8%, however, the 5-0 requires a reciprocal *AB=CD* measurement to define the pattern’s completion (see BUMI's Chart). Range IDR 2800 to 2950 considered as Potential Reversal Zone. To read more about this pattern, follow this link: http://www.tradingmarkets.com/.site/stocks/commentary/guestcom/03082005-42716.cfm http://www.harmonictrader.com/The5-0Pattern.pdf Regards, Boy YR.
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