it can be a ABCD pattern

4 Jul 2021

A Bullish ABCD pattern is denoted by AB=CD, that the length of both the legs is equal to confirm a trend reversal. Along with that, in a classic ABCD pattern, BC is either 61.8 or 78.6 percent of AB, and CD is 127.2 or 161.8 percent of BC. There is also an exception, where CD is 127.2 or 161.8 percent of AB