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ABCD Pattern
Dollar Higher Despite 2019 Uncertainty During the Friday trading session in Asia, the US Dollar moved higher against major peers as market focus shifts to next week’s expected Fed rate hike. Analysts say that gains are certain to be limited, however, given the uncertainty of the outlook for the US economy and the interest rate...
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The ABCD pattern (AB=CD) is one of the classic chart patterns which is repeated over and over again. The ABCD pattern shows perfect harmony between price and time and is also referred to as ‘measured moves’. It was developed by Scott Carney and Larry Pesavento after being originally discovered by H.M Gartley. Within the ABCD patterns, there are 3  types as mentioned...
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