The AB⚡️CD pattern is a highly effective tool utilized in trading to identify potential opportunities across diverse markets, including forex, stocks, cryptocurrencies, and futures.
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This pattern takes the form of a visual and geometric arrangement, characterized by three consecutive price swings...
The term "xabcd pattern" is commonly used in technical analysis, specifically in the field of harmonic trading. It refers to a specific price pattern that is believed to have predictive value in identifying potential market reversals.
The xabcd pattern is based on the Fibonacci retracement and extension levels, which are ratios derived from the Fibonacci sequence...
Harmonic patterns are known for their ability to provide effective trade setups. The Three Drives pattern is no different, and in this FXOpen article, we’ll delve into what this pattern is, how to identify it, and explore some of the best strategies for trading it.
Introduction to the Three Drives
The Three Drives pattern, sometimes referred to as the 3 Drives...
The Bat is defined by the .886 retracement of move XA as Potential Reversal Zone. The Bat pattern has the following qualities:
Move AB should be the .382 or .500 retracement of move XA.
Move BC can be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consequently, if move BC...
The ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A...
The BAT pattern gets its name from the bat-shaped end product. Identified by Scott Carney in 2001, the BAT pattern is made up of precise elements that identify PRZs.
The bat harmonic pattern follows different Fibonacci ratios. One of the major ways to differentiate it from a Cypher pattern is the B point which, if it doesn’t go above the 50 percent Fibonacci...
The BAT pattern gets its name from the bat-shaped end product. Identified by Scott Carney in 2001, the BAT pattern is made up of precise elements that identify PRZs.
The bat harmonic pattern follows different Fibonacci ratios. One of the major ways to differentiate it from a Cypher pattern is the B point which, if it doesn’t go above the 50 percent Fibonacci...
Harmonic Patterns
we have so many kinds of “Harmonic Pattern”:
Black Swan
Bat
Crab
Butterfly
Gartly
White Swan
Shark
Zero_Five
Cypher
Double Top
Double Bottom
📚👌🏻 Each one of them has its unique Fibonacci levels.
⚡️ Do you want to know them?
😍 Happy to see what you find in the charts, please share yours with us
