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  1. Bullflag and Bearflag
  2. Head and shoulders
  3. Wedges
  4. Triangles
  5. ABCD & BAT
  6. Gartley & Butterfly
  7. Cypher, Shark & 5-0

Quizzes

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Patterns ABCD & BAT
Lesson 5 of 7
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ABCD & BAT

Jan

ABCD

·  There should be symmetry between patterns.

·  Always have another level of confluence before entering.

·  At least 1H TF.

·  A to B can be any impulsive size.

·  C retracement must be between .618 and .786.

·  D – look for confluence at the Fibonacci expansion from points BC 1.27/1.618 when entering a position. 
Look for 1:1 extension A so AB will be the same like CD.

·  Enter a long on point D and use point below 1.618 as a SL.

·  Target: Take a Fibo retracement and aim for .382 and .618.

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BAT

·  XA can be any impulsive size.

·  B point – retracement between .382 and .5 (preferably to .5)

·  C point – retracement between .5 and .618.

·  D point – retracement to .886 of XA. For long confluence look for 1.618 – 2.618 expansion of BC