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SUNW: Double ABCD pattern? is that a thing?
Long
SUNW: Double ABCD pattern? is that a thing?
By GR3ND3L
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Updated
Sep 13, 2020
3
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Cheer
Sep 12, 2020
SUNW on the 1 hr chart.
I think I see SUNW going from a descending ABCD pattern immediately into an ascending ABCD pattern.
The last point that could be the second "D" is already above its "B" point.
Not sure if I am wrong or the pattern I am seeing is called something else, but any input would be greatly appreciated.
I made a couple fibs (2 extensions and 1 retracement) to get an idea of the potential PT areas.
It looks like 0.75 - 0.90 is a reasonable range to look at.
If its end point is in that area, I think it is definitely a second ABCD pattern
Let's see what happens!
Sep 13, 2020
Comment
It's a bearish butterfly and I was supposed to use the XABCD tool! LOL!
So it looks like its gonna eat it after it hits that PT range?
AB=CD
Fibonacci
fibs
helpme
stilllearning
GR3ND3L
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