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ETHUSD ABCD scenario possibility

By DaDude
Updated
A - B has to be 0.618 or 0.786 these are the most harmonic
AB 0.618 retracement = 1.618 BD
AB 0.786 retracement = 1.27 BD

So an ABCD scenario is possible
This would be the Bearish ABCD pattern
Trade closed: stop reached
selling started at the 0.618 fib retracement cancelling this idea see
ETHUSD fibonacci retracement
Trade active
well they sold and then it rocketed to D point. I think now is a good time to take some profits TP before going forward
Trade closed: target reached
Target was reached. To risky in my opinion to go long at this point
AB=CD
DaDude

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