no highs above point. If AB, then find BC Point C forex trading report pdf must be higher than point A In the move from B down to C there can be no highs above point B, and no lows below point C Point C will ideally.8.6. Gap Trading appearance of wide range bars near point C is also an indication that CD will be an extended leg. Similarly, point B should be the.618 retracement of drive. The indicator highlights not only the complete figure, but also the time of its formation. Each turning point (A, B, C, and D) represents a significant high or significant low on a price chart. The abcd also forms the basis of many other chart patterns such as the three-drives patterns and also within the price channels. Point C will ideally.8.6. Trading is not an exact science. For both the bullish and bearish versions of the abcd chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement.
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In most cases, AB and CD are equal in time and price. CD may be 127.2 or 161.8 time. The basic figure proportions are set in the parameters. Buy at theter kryptowährung point D, some variations to the rule include: CD can be an extension of AB anywhere from.272 up.00 and even greater. Traders may interpret these as signs of a potential strongly trending market and expect to see 127.2 or 161.8 price extensions.