The bullish AB=CD is a measured move down chart pattern except that the turns are located using Fibonacci ratios.The pattern correctly predicts point D 57% of the time. By using the next higher Fibonacci ratio in the measure rule, you can boost the accuracy somewhat, to 65%. What Is an ABCD Pattern? Reflects the common, rhythmic style in which the market moves. A...
We have got short 123 setup :)
Reasons for short:
Support acting as a resistance
Resistance Trendline
EMA
We are waiting for solid bearish PA!
Talk to you soon,
Marjan
Forex Swing Traders
