Mar 25, 2017
Learn how to trade the ABCD chart pattern #extensions more profitably. Improve day and swing with the #ABCD #pattern. Learn more.
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Learn how to trade the ABCD chart pattern #extensions more profitably. Improve day and swing with the #ABCD #pattern. Learn more.
ABCD Pattern Extensions Bullish reversal ABCD chart pattern Contrary to the extended ABCD bullish chart pattern, the Bullish momentum during CD wave in the reversal pattern is not as strong as in the initial AB. The momentum stalls before the asset price gets close to the equality point D (delta zone where AB = CD). From a technical point of view if a bullish asset fails to replicate at least the magnitude of the prior price action, it is bearish until it gains support at the prior high. The prior high, in this case, is point A. The inverse is also compelling in a downtrend. Indeed, the reversal ABCD chart pattern is one of the characteristics of financial instruments that turn bearish due to one of the following: 1/ unexpected economic news 2/ the company blunders analyst earnings forecast 3/ financials are becoming negative 4/ market bullish cycle expires as the financial instrument is rising towards the point of equality D. 5/ market bearish cycle expires as the financial instrument is declining towards the point of equality D. Learn more.