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AB=CD

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The AB=CD pattern is a price structure where each price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD pattern, the C point must retrace to either a 0.618 or 0.786. This retracement sets up the BC projection that should converge at the completion of the AB=CD and be either a 1.27 or 1.618. It is important to note that a 0.618 retracement at the C point will result in a 1.618 BC projection. A 0.786 retracement at the C point will result in a 1.27 projection.

 

The most important consideration to remember is that the BC projection should converge closely with the completion of the AB=CD. The AB=CD is the cornerstone of all of the harmonic patterns.

 

bullishabcd_zoom80 bearishabcd_zoom80

 

The AB=CD pattern can be toggled on or off by checking/unchecking the Show ABCD? checkbox in the parameters dialog.

 

Here are some example AB=CD patterns found in eSignal:

 

abcd_confirmed_bullish2_zoom30

abcd_confirmed_bearish2_zoom36

 

The Terminal Bar is the price bar that reaches the minimum pattern completion requirements and will always be identified by the symbol. You can adjust the size via the Terminal Bar Font Size option in Settings.

 


See Also:

 

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