Using Fib-Clusters to Determine Targets and Terminations & AB=CD
Using AB=CD patterns is a great way to look for trade locations. When they match up with other AB=CD targets it makes the levels stronger. Combine these areas with fib clusters and you have a whole lot of confirmation. Fib clusters are groupings of various fib extensions and expansions. These are measured from the swings and the major pullback corrections. The EURUSD -0.93% is currently in a fib cluster as price is reacting at this level. If this level breaks, the two boxes below are the next major fib clusters for the price extensions.
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