What Is The ABCD Pattern & How To Trade With It

ABCD Pattern

The ABCD is a Harmonic pattern that describes a potential reversal. The pattern was discovered by H.M. Gartley and presented in the book “Profits in the Stock Market.” Later, Scott Carney further developed the ABCD pattern. What is the ABCD pattern? The structure of the ABCD pattern is based on formation, like any other type of Gartley pattern. The pattern develops when the line AB is equal to the line CD. The lines AB and CD are known as legs, while the line BC is called correction or retracement. Each part of the pattern is like Fibonacci numbers and represents …READ MORE