ABCD TENDENCIES.
Tendencies – typical behaviours or the way something is likely to react.
We can use tendencies in the market to enhance our edge and take advantage of repeatable occurrences.
A Fib retracement to .382 level of the AB leg tends to terminate at the 1.618 expansion of the AB leg.
A Fib retracement to the .618 or .786 level of the AB leg tends to terminate at the 1.272 Fib expansion of the AB leg.
A Fib retracement to the .50 level of the AB leg tends to terminate at the 1.414 Fib expansion of the AB leg.
I know this is the same as beating you over the head with a stick, but these are facts about the ABCD Pattern that provide additional information about where price is likely to go.
Tendencies – typical behaviours or the way something is likely to react.
We can use tendencies in the market to enhance our edge and take advantage of repeatable occurrences.
A Fib retracement to .382 level of the AB leg tends to terminate at the 1.618 expansion of the AB leg.
A Fib retracement to the .618 or .786 level of the AB leg tends to terminate at the 1.272 Fib expansion of the AB leg.
A Fib retracement to the .50 level of the AB leg tends to terminate at the 1.414 Fib expansion of the AB leg.
I know this is the same as beating you over the head with a stick, but these are facts about the ABCD Pattern that provide additional information about where price is likely to go.
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