ABCD Pattern : ABCD Pattern Trading and how to draw AB=CD Pattern

The ABCD pattern is a technical trading strategy, that uses Fibonacci retracements to enter or exit the market. The fib levels are used to determine where the crucial Fib levels like the 50% or the 6.18 are and to look for rejection around these zones. Once the area of rejection has been confirmed, the Fibonacci to is used to determine where the take profit will be as well as the stop-loss.

This pattern implies that line AB is equal to line CB. The Pattern starts at point A reaching maximum height and forming point B Then the market retraces back down a certain percentage of line AB but not back fully to the A point the retrace meant is usually around 50% retracement, if not, the 6.18 or the furthest is the 7.86 retracement of the AB line. Using Fibonacci lines to determine these points Is subjective.

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Advantages of using Fibonacci? More accuracy in determining all ABCD points when trading Easier to spot demand in Zones You can know what Fibonacci level you are entering the market at Use Fibonacci levels to help you see the pattern becoming invalid Use Fib extensions to determine profit targets The pattern AB=CD has to do with the two lines being of relative size and does not necessarily mean that they are the same size, so AB: CD can be as a ratio for example AB:2CD or AB:3CD This is where line CD is double the size of line AB

One of the disadvantages when trading Fib is that most of the time, the market does not give ideal setups and it will be a problem if you looking at entering the market at a specific Fibonacci level, We have to react to the market instead of trying to predict turning points.

Time Staps:

0:00 Introduction 0:25 What you need to know
1:00 What is the ABCD Pattern
1:40 How to draw ABCD Pattern
3:13 Plotting the 4 points
3:50 How to trade the ABCD pattern
4:19 Entry point 4:49 Take Profit and stop-loss 5:29 What to trade next

Watch Next: Fibonacci Retracement Levels : https://youtu.be/zf_MF2xyG8k

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