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abcd patterns

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  • First Post: Apr 5, 2009 6:08pm Apr 5, 2009 6:08pm
  •  iefke
  • | Joined Nov 2008 | Status: Member | 148 Posts
i noticed the abcd patterns ,
and also indics exist wich can clearly draw these lines but is there anyone who knows about an indic wich kan add the letter to it to make it more clear wich is the a b c or d , i think its possible so that's my question

kind regards yves
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  • Last Post: Apr 6, 2009 5:44am Apr 6, 2009 5:44am
  •  ha-pattern
  • Joined Sep 2008 | Status: hardcore chartist | 2,173 Posts
Googled it for this site. Any indicator you found would probably repaint like Zigzag does. And, your picture skips over trends to make contiguous abcd patterns, rather than select connected-trend ab=cd patterns, making you, at the right edge, more dependent on the ab=cd Fibonacci calculations any indicator'd make, because you would have to obey the indicator's next calculated move rather than have a specific PA trend to enter a move with. Alot of those angles on your picture are different than other abcd angles on the same picture, which makes abcd'ing more an Elliott Wave than exact ab=cd Gartley.
 
 
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