ABCD Pattern
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
The most basic harmonic pattern based on Fibonacci ratios. Composed of four points (A-B-C-D) with two equal-distance impulse legs (AB = CD). Ideally, BC is a 0.618 retracement of AB. Point D represents the expected reversal zone.
Enter when point D is reached and reversal signs (candlestick patterns or oscillator reversal) are confirmed. Short at point D for a bullish ABCD, long for a bearish ABCD.
After reversal from point D, the C level is the first target. The A level is the second target. Fibonacci extensions (1.272-1.618 times CD) are also referenced.
Place a stop-loss beyond point D. Use the level where ABCD symmetry breaks (where CD exceeds 1.27 times AB) as a reference.
Volume increase at point D's reversal enhances reliability. Ideally, volume gradually decreases during pattern formation and surges at point D.