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AB=CD

IDX:ERAA Three Drive Pattern and Double BottomENGLISH: By paying attention to the consistency of the IDX:ERAA market movement, it can be predicted by using a descending parallel channel and three repeating patterns, the ERAA market will bounce to 525-540. If there is a daily market opening above 540 then there is a high probability that IDX:ERAA will break free from the bearish trap and return to bullish. However, by looking at the current conditions there is still no certainty, the main bearish target is the formation of a double bottom between 410-382 BAHASA: Dengan memperhatikan konsistensi pergerakan pasar IDX:ERAA dapat diprediksi dengan menggunakan paralel channel menurun dan tiga pola mengulang, Pasar ERAA akan mantul ke 525-540. Jika ada pembukaan pasar harian diatas 540 maka besar kemungkinan IDX:ERAA akan terlepas dari jerat bearish dan kembali bulish. Namun dengan melihat kondisi saat ini masih belum ada kepastian, maka target bearish utama adalah terbentuknya double bottom antara 410-382
IDX:ERAA
by deSultanTM
IDX:BBCA Death Cat BounceEnglish: After two days the market has been trying to break the price at 8725-8700 but there was a refusal, so BBCA will have the opportunity to make a death cat bounce (a bounce for a deeper correction). With a correction target it can reach 8475. While a rebound target is 8900-8950. Bahasa: Setelah dua hari pasar berusaha menjebol harga 8725-8700 namun terjadi penolakan, maka BBCA akan memiliki peluang melakukan death cat bounce (pantulan untuk koreksi lebih dalam). Dengan target koreksi bisa mencapai 8475. Sedangkan target pantulan 8900-8950.
IDX:BBCALong
by deSultanTM
Unlocking Profit Potential: Why I'm Holding Out for a Prime BuyiThis week, an opportunity has presented itself for a potential buying position on the GBPUSD pair. Two prominent trading setups - the Bullish Shark Pattern and the AB=CD pattern - have emerged, signalling a potential bullish trend. While I hold a bullish bias due to a previous break and close above resistance on the weekly chart, I exercise caution and wait for confirmation from candlestick patterns before entering the trade. This strategic approach ensures that I make informed and calculated trading decisions.
Short
by RaynLim
From A to D:How to Use the ABCD Pattern to Forecast Market MovesAre you familiar with the ABCD trading pattern? In this article, I will provide a comprehensive explanation of the ABCD trading pattern, including its characteristics, how to identify it, and how to use it in trading. So, sit back, relax, and enjoy the information provided in this article. The ABCD ( AB=CD ) pattern , It's a harmonic pattern that is easily recognizable on a price chart and is composed of four points. This pattern follows a specific sequence of market movements that traders can use to predict potential price swings in the future. The ABCD pattern can be applied in various market conditions, including both bullish and bearish markets, and can be used to speculate on the movement of different forex pairs by simultaneously selling one currency and buying another. However, it's important to keep in mind that the ABCD pattern should not be the sole basis for making trading decisions. It should be used as a tool to inform your decisions. The first step in opening a position using the ABCD pattern is to identify the pattern on a price chart. Multiday charts can provide insight into the behavior of forex markets over an extended period. You can use daily, hourly, or minute-by-minute charts to spot the pattern, but it's crucial to choose a time horizon that aligns with your goals. For instance, traders looking to hold positions for days or weeks may prefer daily charts instead of minute charts. Once you have selected the appropriate chart type, you can search for the ABCD pattern to identify bullish or bearish signals. Let's now take a closer look at how the AB=CD pattern forms and how to spot it: When identifying the ABCD pattern, traders focus on the legs or moves between points. The moves in the direction of the overall trend are denoted as AB and CD, while BC represents the retracement. Once you think you have identified an ABCD pattern on a price chart, the next step is to use Fibonacci ratios to validate it. This process can also help you pinpoint where the pattern may complete and where to consider opening your position. The "classic" ABCD pattern follows a specific sequence of market movements, with the following rules: In a "classic" ABCD pattern, the BC line should ideally be 61.8% or 78.6% of AB. To determine this, traders often use the Fibonacci retracement tool on the initial move from point A to point B. The BC line should end at either the 61.8% or 78.6% Fibonacci retracement level of AB. This helps confirm the validity of the ABCD pattern and gives an idea of where to potentially open a position. Once the BC leg of the pattern is complete, traders would typically look for the CD leg to reach the 127.2% or 161.8% extension of the BC leg. At this point, traders might consider entering a sell position if the pattern is bearish or a buy position if the pattern is bullish. The ABCD pattern extension occurs when the CD leg extends beyond the typical 127.2% and reaches 161.8%. This indicates that the price trend may continue in the same direction for a longer period, providing a potentially profitable trading opportunity for traders who have correctly identified the pattern. It's important to note that this extension is not always reliable and should be used in conjunction with other technical analysis tools to confirm the validity of the trade. Note: In strongly trending markets, the retracement (BC) may not reach the usual 61.8% or 78.6% of AB, but only 38.2% or 50%. It's important to adapt to market conditions and adjust your analysis accordingly. Moreover: During the move from A to B, the market should not exceed either A or B. During the move from B to C, the market should not exceed either B or C. During the move from C to D, the market should not exceed either C or D. For a bullish ABCD, point C must be lower than A, and D must be lower than B. For a bearish ABCD, point C must be higher than A, and D must be higher than B. To identify an ABCD pattern on your TradingView trading chart, follow these six steps: 1 ) Log in to your TradingView trading account and open a market chart. 2 ) Locate the AB line. Remember that this move should be completely contained within points A and B. 3 ) Locate the BC retracement. This should reach either the 61.8% or 78.6% level of the move from A to B. 4 ) Draw the CD line. Using the AB and BC lines, you should be able to predict where point D will fall. CD will generally be equivalent to AB and either 127.8% or 161.8% of BC in both price and time. 5 ) Keep an eye out for price gaps and wide-ranging bars in the CD leg. These can indicate that an extension is forming, implying that CD may be longer than AB. 6 ) Trade the possible retracement at point D. If you've identified a bearish ABCD pattern, consider opening a sell position. On the other hand, if you've found a bullish one, consider buying. And here are a couple of examples: I hope you found this guide on identifying the ABCD pattern useful. Let me know your thoughts in the comments section below, and don't forget to like and follow me if you found this guide helpful.
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FX_IDC:XAUUSDEducation
by FOREXN1
44
➕70% 📦Rubic(RBC)📦's growth with Bullish AB=CD Harmonic Pattern📦Rubic(RBC)📦 is completing the Bullish AB=CD Harmonic Pattern inside the heavy support area ( point D of the pattern). I expect Rubic(RBC) to complete near the middle line of the descending channel of the Bullish AB=CD Harmonic pattern. Then grow at least up to the upper line of the descending channel (at least ➕70% ). Post 📦Rubic(RBC)📦 Analyze (04/09/2023)!!! It worked well✅👇 Rubic Analyze ( RBCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
16
AUDUSD ADVANCE HARMONICS PATTERN AB=CD BULLISH AUDUSD has formed an advance harmonics pattern ab=cd bullish on its hourly chart. The price is trading above the EL: 0.66128. ST: 0.65876 Wall: 38% AD: 0.66733 62% AD: 0.67269 79% AD: 0.67600 127% AD: 0.68629 162% AD: 0.69355 The AB=CD pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback. This structure has been previously discussed in many technical works, and it represents the basic foundation for ALL harmonic patterns. The Fibonacci aspects in the pattern should occur at specific points. In the AB=CD, the C point will be a defining level for the completion of the pattern. Although the BC projection is critical in this structure, the most significant harmonic number is the exact completion point of the AB=CD. AB=CD Ratios In the AB=CD pattern, the alignment of Fibonacci ratios within the structure usually manifests specific reciprocal relationships. The reciprocal ratio of the C point retracement of the AB leg usually indicates which BC projection is utilized to define the Potential Reversal Zone (PRZ). For instance, a 0.618 retracement at the C point typically will possess a 1.618 BC projection that converges closest with the completion of the AB=CD. This reciprocal relationship within the equivalent AB=CD pattern defines the best PRZ for this structure. The reciprocal ratios that complement the AB=CD structure are as follows: C Point Retracement 0.382 0.50 0.618 0.707 0.786 0.886 BC Projection .24 or 2.618 2.0 1.618 1.41 1.27 1.13 The reciprocal ratios help define the completion of the pattern. However, the most important consideration to remember is that the BC projection should converge closely with the completion of the AB=CD. The Bullish AB=CD Pattern The Bullish AB=CD pattern is an excellent measure when looking at a well-defined sell-off. Although the symmetry may vary, this basic structure is a minimum requirement for all harmonic patterns The C point can be 0.382, 0.50, 0.618, 0.707, 0.786, or 0.886. Referring to the reciprocal ratios listed on the previous page, this correlates into a BC projection that can either be a 1.13, 1.27, 1.41, 1.618, 2.0, 2.24, or 2.618. In some rare cases, a 3.14 projection can be utilized. The Bearish AB=CD Pattern The Bearish AB=CD should possess a distinct symmetry with the completion point of the pattern complementing the BC projection and defining a precise PRZ. The C point can be 0.382, 0.50, 0.618, 0.707, 0.786, or 0.886. Referring to the reciprocal ratios, this correlates into a BC projection that can either be a 1.13, 1.27, 1.41, 1.618, 2.0, 2.24, or 2.618. In some rare cases, a 3.14 projection can be utilized.
Long
by TradeChartPatternsLikeThePros
1