Note: this is not backtesting, just an observation of some pairs in the last week.
All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of...
The ABC Pattern is derived from the ZigZag concept from Elliott Wave, and the 1-1 concept from Harmonic Patterns.
Practical Exercise
1) Identify a corrective move that look like a ABC Pattern, it can be any currency pair, any timeframe.
2) Using Fib expansion, measure the ABC Pattern.
3) Record down where does this ABC Pattern completes.
4) Also, record...
