Beschreibung
⋅ A - B has to be 0.618 or 0.786 these are the most harmonic
AB 0.618 retracement = 1.618 BD
AB 0.786 retracement = 1.27 BD
So an ABCD scenario is possible
This would be the Bearish ABCD pattern
Trade geschlossen: Stop wurde erreicht
⋅ selling started at the 0.618 fib retracement cancelling this idea see Trade ist aktiv
⋅ well they sold and then it rocketed to D point. I think now is a good time to take some profits TP before going forward
Trade geschlossen: Ziel wurde erreicht
⋅ Target was reached. To risky in my opinion to go long at this point
0.382 2.618
0.50 2.0
0.618 1.618
0.707 1.41
0.786 1.13