Practical Exercise - The ABC Pattern
The ABC Pattern is derived from the ZigZag concept from Elliott Wave, and the 1-1 concept from Harmonic Patterns.
Practical Exercise
1) Identify a corrective move that look like a ABC Pattern, it can be any currency pair, any timeframe.
2) Using Fib expansion, measure the ABC Pattern.
3) Record down where does this ABC Pattern completes.
4) Also, record down where does price move after the completion of the ABC Pattern, and how far it travelled.
5) Post your exercise on the comment section in this thread.
6) Repeat this practice to gather a total of 10 examples.
Practical Exercise
1) Identify a corrective move that look like a ABC Pattern, it can be any currency pair, any timeframe.
2) Using Fib expansion, measure the ABC Pattern.
3) Record down where does this ABC Pattern completes.
4) Also, record down where does price move after the completion of the ABC Pattern, and how far it travelled.
5) Post your exercise on the comment section in this thread.
6) Repeat this practice to gather a total of 10 examples.
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.