the detail is shown in the above Idea.
The ABCD pattern is important to traders for a number of reasons:
The ABCD pattern is important to traders for a number of reasons:
- Traders can use it to identify trading opportunities in various markets, in any market condition on any timeframe
- It is the basis of all other patterns.
- It can be used to weigh the risks versus rewards before making a trade.
NAS100 is approaching to the golden line in the ABCD pattern.
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Related publications
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.