olajide11
Long

AB=CD ALSO WAVE 5 TO COMPLETE @ 1.618 LEVEL

FX:XAUUSD   Gold Spot / U.S. Dollar
1061 0 5
Since the AB=CD pattern is the basic framework of all Harmonic patterns , it is an essential consideration in defining any Potential Reversal Zone (PRZ). Although the equivalent AB=CD pattern has been utilized by technicians for quite some time, the idea of an alternate calculation to define other Harmonic patterns was originally outlined in The Harmonic Trader. Alternate patterns provide an effective means of complimenting other significant Fibonacci calculations, especially when the equivalent AB=CD is not relevant for a particular set-up. The alternate AB=CD pattern differentiates patterns, as well. For example, the AB=CD in a Gartley is usually equivalent, while the Bat utilizes an alternate 1.27AB=CD pattern. These two similar patterns require completely different AB=CD conditions to validate their respective structures. This degree of differentiation increases the validity of pattern identification techniques and reduces the overall risk by defining the most precise Potential Reversal Zones (PRZ).
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out