AB=CD pattern
The regular AB=CD pattern, both the AB and CD are exactly the same length and/or pips on a forex chart- BUT- the alternate AB=CD is where the CD is longer then the AB leg/length- there can be a range of fib retracements and/or extensions which are part of this simple AB=CD pattern but that is OKAY.
Scott Carney - creator of harmonic pattern rules and Harmonic Trading -- shows the essentials in minutes. He outlines the foundation of the AB=CD pattern in harmonic patterns in this effective presentation. If you like to further under this whole subject, please subscribe to his youtube channel: Harmonic Trading.
His wisdom and insights about this subject will clarify everything you need to know about all harmonic patterns. You might even trade better and make more profits with your forex trading too. Which is what we strive to do is work less & play more in life.
The regular AB=CD pattern, both the AB and CD are exactly the same length and/or pips on a forex chart- BUT- the alternate AB=CD is where the CD is longer then the AB leg/length- there can be a range of fib retracements and/or extensions which are part of this simple AB=CD pattern but that is OKAY.
Scott Carney - creator of harmonic pattern rules and Harmonic Trading -- shows the essentials in minutes. He outlines the foundation of the AB=CD pattern in harmonic patterns in this effective presentation. If you like to further under this whole subject, please subscribe to his youtube channel: Harmonic Trading.
His wisdom and insights about this subject will clarify everything you need to know about all harmonic patterns. You might even trade better and make more profits with your forex trading too. Which is what we strive to do is work less & play more in life.