ABCD PATTERN
Price movements can be checked according to the ABCD pattern.
Trade active
Divergence has happened in the price and the second wave is within 100% of the movement from the first wave, we may have some upward penetration and then the fall will begin.Trade closed: target reached
The chart shows its true shape in the time frames above. Only see the price bounce after hitting the right zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.