This is a very simple macro AB=CD pattern that marks the high of the market as point A. Point B is marked as the October lows.
Once point A and B are found, this give us the opportunity to make a fib extension and see where point C and D may land!
Keep in mind this is all theoretical, the market is irrational of course :^)
Btw angles only work when ur chart is locked, good tip for you lads! Does not matter what the scale is locked as long as it's locked and stays the same throughout.
Once point A and B are found, this give us the opportunity to make a fib extension and see where point C and D may land!
Keep in mind this is all theoretical, the market is irrational of course :^)
Btw angles only work when ur chart is locked, good tip for you lads! Does not matter what the scale is locked as long as it's locked and stays the same throughout.