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.
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