7/2/2023 0 Comments Abcd chart![]() ![]() The BC line is 61.8% retracement level of the AB line. For bullish, point D must be lower than point Bīelow, you can see an example of what a bullish ABCD chart pattern looks like on a candlestick chart:Īs you can see in the GBP/USD 30-minutes time frame chart above, the currency pair is trading downward with a price correction in the middle price swing (BC leg).īy using the built-in ABCD indicators, we were able to identify this geometric pattern with two Fibonacci rules. ![]() For a bearish ABCD trend reversal pattern, point D must be higher than point B.CD line is the 127.2%-161.8% Fibonacci extension of BC The pattern must have the following Fibonacci ratios – BC line is the 61.8%-78.6% Fibonacci retracement ratio of the AB line.The pattern has four points and three legs – The length AB must be larger than the length of BC and have the same length as the CD leg. ![]() A bearish ABCD pattern has up, down, and up price swings. A bullish pattern has a down, up, and down movement again.
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