YES IT IS GO TO D ....
--- On Sun, 11/22/09, Boy YR <boyi...@gmail.com> wrote:
From: Boy YR <boyi...@gmail.com>
Subject: [ob] BUMI: Bearish pattern
To:
Date: Sunday, November 22, 2009, 1:29 AM
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.tradingm
arkets.com/ .site/stocks/ commentary/ guestcom/ 03082005- 42716.cfm
http://www.harmonic trader.com/ The5-0Pattern. pdf
Regards,Boy YR.
