Friday, April 06, 2018 12:23:37 PM
So as I missed the .786 dip by .03 I was looking at some stuff on the AB=CD pattern and also found out about an abcd pattern that is different from the AB=CD pattern.
I often wondered why so many times I would see a pullback right between the .618 and .786 fibs... Well it looks like the AB=CD pattern only requires a .618 pullback. So if it misses the .786 I need to look for a possible AB=CD pattern target.
While looking for info on the AB=CD pattern (have I said that too much LOL) I came across an abcd pattern that actually played out today as the consolidation this morning and is shown in purple in the chart below
https://www.investorsunderground.com/the-chart-pattern-that-made-me-over-100000-in-trading-profits/
I often wondered why so many times I would see a pullback right between the .618 and .786 fibs... Well it looks like the AB=CD pattern only requires a .618 pullback. So if it misses the .786 I need to look for a possible AB=CD pattern target.
While looking for info on the AB=CD pattern (have I said that too much LOL) I came across an abcd pattern that actually played out today as the consolidation this morning and is shown in purple in the chart below
https://www.investorsunderground.com/the-chart-pattern-that-made-me-over-100000-in-trading-profits/
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