Your chart is very interesting. I just did some research on the XABCD pattern.
Doesn't the CD leg have to hit 88.6% as retracement? and C shouldn't spike lower than A? (new to the xabcd so trying to pick your brain)
Trading_Off_The_Charts
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@DWSKTrader, Classic ABCD: In this pattern, the BC is a retracement of 61.8% – 78.6% of AB, with CD being the extension leg of 127.2% to 161.8% (equal in price distance)
Trading_Off_The_Charts
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@DWSKTrader, there are some variation one has to consider. Even Elliot waves breaks it own rules, a lot of people don't realize this … I go by this for the most part hope this helps, here is the link ( I do deviate from rules from time to time If I spot other patterns) profitf.com/articles/patterns/abcd-pattern-trading/
Trading_Off_The_Charts
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@DWSKTrader, I'm forecasting a little here (speculative) there might be a bearish three drives pattern forming inside this bat pattern . Not trading advice
TradeAlchemy
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@Trading_Off_The_Charts, super helpful! i'm going to read up and try to practice this. (BTW following you on twitter as well hoping to learn from you). So interesting. /ES just hit 2900 and now i think it may potentially gap down by tomorrow based on your analysis.
Trading_Off_The_Charts
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@DWSKTrader, you're welcome. One thing about these patterns esp bullish/continuation patterns they start on smaller time frames and precede to higher time frames until cancelation of said trend.
Doesn't the CD leg have to hit 88.6% as retracement? and C shouldn't spike lower than A? (new to the xabcd so trying to pick your brain)