is as old as end of day data received your fax machine at the market close.
To spot this chart pattern, all you need is to be a little observant & use of the Fibonacci chart tool.
✍🏼 CHARTING THE LINES
AB and CD are known as the legs while
BC is the correction.
If you use the tool on leg AB, the retracement BC should reach until the 0.618 level. Next, the line CD should be the 1.272 of BC .
🤓 FOR THE NERDS
The length of line AB should be equal to the length of line CD.
The time it takes for the price to go from A to B should be equal to the time it takes for the price to move from C to D.
... to be continued in the comments