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Learn the in's and out's of ABCD pattern trading. Every day trader needs to be able to recognize this pattern in active stocks.
The ABCD pattern is a simple yet powerful tool in the arsenal of any forex trader, offering a clear structure to spot potential price reversals and continuation moves ...
You must learn to read price action, be successful trading in the direction of the trend before you even consider learning when and how to even consider trading against the trend. ABCD patterns are ...
Gold surged to a new record high of $3,675 before encountering resistance at ABCD targets, suggesting a possible pullback and test of support zones around $3,537.
There are many common technical trading patterns that investors use one a daily basis to determine the potential movement of a stock.
The ABCD pattern strategy is a harmonic trading technique that involves identifying and trading a 4-wave structure that resembles a lightning bolt on the chart.
Given the long-term nature of this pattern, gold has reached a potential pivot level that could lead to a retracement and end the current sharp advance, at least for the near-term.
Crude oil tested key resistance at $69.97 before pulling back, signaling potential consolidation, but bullish signals suggest further upside towards the $70.61–$70.81 target zone.
However, a move below 6990 BEFORE a move above 7951 would trigger two ABCD technical patterns with shallow retracements making them bearish. They would create two minimum downside target zones.
Natural gas exceeded its first target today at the completion of a rising ABCD pattern. The high for Tuesday is 2.09 and the pattern target was 2.07. Resistance was ...
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