Get started

Stilllearning

SUNW: Double ABCD pattern? is that a thing?SUNW on the 1 hr chart. I think I see SUNW going from a descending ABCD pattern immediately into an ascending ABCD pattern. The last point that could be the second "D" is already above its "B" point. Not sure if I am wrong or the pattern I am seeing is called something else, but any input would be greatly appreciated. I made a couple fibs (2 extensions and 1 retracement) to get an idea of the potential PT areas. It looks like 0.75 - 0.90 is a reasonable range to look at. If its end point is in that area, I think it is definitely a second ABCD pattern Let's see what happens!
SLong
by GR3ND3L
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!
HLong
by GR3ND3L