AB=CD

[yeahbah]

I'll just give you a short and simple explanation about this pattern.

AB is of the same length as CD ha ha AB=CD nga eh

Samples:

PX (Bearish) - Buy at C Sell at D

px.png (89.74 KiB) Viewed 465 times

PEP (Bullish) - Sell at C Buy at D

pep.png (87.25 KiB) Viewed 468 times

C usually is at 38.2%, 61.8%, 78.6%

Potential AB=CD

PX (weekly)

px2.png (121.82 KiB) Viewed 466 times

[yeahbah]

SMPH

smph.png (89.57 KiB) Viewed 463 times

BPI

bpi.png (139.33 KiB) Viewed 460 times

[yeahbah]

Target for D can be calculated using Fibonacci Extension or just draw a line from A to B then copy the line for CD. I prefer calculating it using Fib Ext.

[tarantrader]

May ibang name din tawag dito. Measured move.

[drpama]

What is the pattern of ABCD? Should it be 2 parallel lines? In your BPI chart, the two lines positioned like a triangle with apex. Whats the significance of this ABCD? Where do we plot the BUY trigger? Thanks

[yeahbah]

What is the pattern of ABCD? Should it be 2 parallel lines? In your BPI chart, the two lines positioned like a triangle with apex. Whats the significance of this ABCD? Where do we plot the BUY trigger? Thanks

the pattern of ABCD is ...ABCD? hehe it's called AB=CD because the length of point A to point B is of the same length of point C and point D. Or you could just imagine it as a wave.

If point D is reached, that means, the pattern is complete. You should then look for buying or shorting opportunities. Take time to analyze what I did with PEP. It's not perfect but It gave me a hint that I should start looking for buying opportunities.

Using AB=CD, you can calculate when point D will be reached. In the case of BPI, It's just a potential AB=CD. It does not necessarily mean that if will form a perfect AB=CD. The way I trade potential AB=CD pattern is, if bullish, I buy at C and sell at D. Gaya ng kwento ko sa itaas. C could be at 38.2, 61.8, 78.6.

hmmm This is not easy to explain ha ha ha kasi nahaluan ko na ng fibonnacci and I'm actually on my way to explain when a buy signal is triggered. Could be based on priace action or trendline break.

eto try to analyze what I did with SMCB. My buy decision was based on price action. When I say price action, it is comprised of candlesticks forming Higher highs (HH), Lower Lows(LL).

nagiging complicated na ha ha baka mabulunan kayo. here's SMCB's chart:

smcb.png

[yeahbah]

smcb1.png

smcb2.png

smcb3.png

[yeahbah]

smcb4.png

smcb5.png

smcb6.png

[yeahbah]

smcb7.png (24.11 KiB) Viewed 427 times

smcb8.png (22.6 KiB) Viewed 425 times

[yeahbah]

It will take time to get used these stuff. It may not even work for you.

Hindi ko nagamay ng isang araw lang ang mga ito. It took me weeks of practice, a lot of reading, patience and testing.

It's really worth studying.

Hayaan nyo next vacation ko dyan sa pinas, mag inuman session tayo. Ewan ko lang maituro ko ng lasing yang mga yan