4H ABCD Pattern.
Hello,
We have a nice looking ABCD pattern here. The ratios are good.
We have a Harmonic AB = CD. That would complete in a Daily PRZ.
The AB leg Fib Ext. 1.27, also complete in the PRZ. with confluence of a BC Rev.Fib Ext. of 1.382.
RSI is also approaching over bought. Nice RR 4:1 to first target.
Hope this helps.
Good luck.
We have a nice looking ABCD pattern here. The ratios are good.
We have a Harmonic AB = CD. That would complete in a Daily PRZ.
The AB leg Fib Ext. 1.27, also complete in the PRZ. with confluence of a BC Rev.Fib Ext. of 1.382.
RSI is also approaching over bought. Nice RR 4:1 to first target.
Hope this helps.
Good luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.