This is a typical example of an ABCD pattern. Point A is a Higher high on H4. Point B is a Lower high. Point C is a retracement of Leg AB to Fib 61.8. The completion of Point D is an extension beyond point B to Fib 127.2.
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.