Long
Is HTGM just full of ABCD patterns?
HTGM on the 1 hr chart. I swear this ticker is full of ABCD patterns!
I am learning to identify ABCD patterns, and i am hoping my observations are accurate here.
I see a large ascending ABCD pattern leading to a huge descending ABCD pattern.
At the bottom I see a small descending ABCD pattern, which appears to be starting its upward movement.
I have setup 2 fibs, extension and retracement, both showing potential PT range of 3.50-3.90 with 3.75 looking very doable.
Hopefully I am right because I entered this thing at 0.3094!
Let's see how it goes!
I am learning to identify ABCD patterns, and i am hoping my observations are accurate here.
I see a large ascending ABCD pattern leading to a huge descending ABCD pattern.
At the bottom I see a small descending ABCD pattern, which appears to be starting its upward movement.
I have setup 2 fibs, extension and retracement, both showing potential PT range of 3.50-3.90 with 3.75 looking very doable.
Hopefully I am right because I entered this thing at 0.3094!
Let's see how it goes!
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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.