Smart Money / Price Action 5min scalping road map

# 📈 ABC Pattern Explained for TradingView (Smart Money / Price Action)

The **ABC pattern** is a 3-leg corrective move in market structure, commonly used in price action, Elliott Wave, and Smart Money trading. It's mainly used to identify **pullbacks** or **correction zones** before a continuation of the main trend.

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## 🔹 Structure of the ABC Pattern:

- **Point A**: The beginning of the move — often the end of a strong impulsive wave.
- **Point B**: The first retracement or pullback from Point A.
- **Point C**: The second corrective move that often goes beyond A, forming the completion of the correction phase.

The ABC legs can be:
- **A to B**: Impulsive or corrective.
- **B to C**: Generally a counter-trend retracement.

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## 🔸 How to Identify on Chart:

1. **Find a strong trend** (uptrend or downtrend).
2. **Look for the first correction** — mark it as Point A to B.
3. **Next wave** that attempts to continue the trend but fails — mark the end as Point C.
4. **Use Fibonacci tools** to measure:
- **B retracement of A** (typically 50%–78.6%)
- **C extension** of AB (typically 127.2%–161.8%)

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## 🔧 How to Draw on TradingView:

> You can use the `Trend-Based Fib Extension` tool or draw manually using the `Path` or `ABC pattern` tool.

### Step-by-Step:
1. Select the `ABC Pattern` tool from the **left toolbar** under “Prediction and Measurement Tools”.
2. Click on **Point A** (3320$).
3. Click on **Point B** (3350$).
4. Click on **Point C** (final corrective wave 3300$ ).
5. TradingView will automatically plot the shape with labels.

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## 🧠 Pro Tips:

- Look for **liquidity sweep** or **order blocks** near Point C.
- Entry opportunity is often **after C**, targeting a **continuation** of the main trend.
- ABC is often part of **larger structures** like **complex pullbacks** or **smart money retracements**.

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## ✅ Example Use:

- **Buy Scenario**:
- Strong uptrend → Price drops from A to B (retracement).
- Then price rises to C, failing to break above A → Possible new higher low formed.
- Enter long if price breaks above Point B again.

- **Sell Scenario**:
- Strong downtrend → A to B is a pullback.
- C attempts new high, fails → short entry after break of B.

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## 📌 Settings Tip for Mobile Users:

- Zoom in for better point control.
- Use “Lock” feature to prevent accidental move.
- Customize color and label visibility in the style tab.

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## 🔍 Keywords:

`ABC Pattern`, `Elliott Correction`, `Smart Money`, `Liquidity Grab`, `Break of Structure`, `Trend Continuation`, `Price Action Trading`, `Market Structure`

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