EURUSD 15Min TF XABC conditions are Met to form a pattern
The first 3 condition are met to form a pattern,
Now to form a CD leg these conditions have to meet to name a pattern.
Bat = 88.6% of XA leg
Crab = 1.618% Ext of XA
to confirm this price has to drop below Point B
The Bat /Crab is void if price cross Point A
Other scenario If Point A crosses Point C will be marked at 1.272-1.414 ext of AB
Now to form a CD leg these conditions have to meet to name a pattern.
Bat = 88.6% of XA leg
Crab = 1.618% Ext of XA
to confirm this price has to drop below Point B
The Bat /Crab is void if price cross Point A
Other scenario If Point A crosses Point C will be marked at 1.272-1.414 ext of AB
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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.