This is an A-B-C-D chart pattern.
A-B leg completed
B-C leg retrace between 38.2%/61.8% fib
C-D leg should equal A-B leg
Target is either 1. equal to A-B leg 2. Equal to bar pattern copy
Stop loss above C candle
A-B leg completed
B-C leg retrace between 38.2%/61.8% fib
C-D leg should equal A-B leg
Target is either 1. equal to A-B leg 2. Equal to bar pattern copy
Stop loss above C candle
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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.