I realized I missed the trade, but here is an example of a textbook ABCD pattern.
Upward retracement to 0.618, then downward to 1.272 fib level. Then it took off from there.
This is just a reference for myself and maybe others so that we can spot such pattern more in the future and not miss such opportunity.
All discussions, questions, criticism are welcome and encouraged. I am on a journey to become a profitable trader, and I will be posting all my analysis even if my predictions are way off. This is the only way to get better; through constructive criticism
Upward retracement to 0.618, then downward to 1.272 fib level. Then it took off from there.
This is just a reference for myself and maybe others so that we can spot such pattern more in the future and not miss such opportunity.
All discussions, questions, criticism are welcome and encouraged. I am on a journey to become a profitable trader, and I will be posting all my analysis even if my predictions are way off. This is the only way to get better; through constructive criticism