In this article, we’ll break down the ABCD pattern, show you how to identify it on your charts, and provide actionable steps to incorporate it into your trading strategy.

ABCD Pattern Targets New Trend High For example, gold could trend higher within the channel to eventually complete an ABCD pattern where the CD leg matches the AB leg.

The Fibonacci levels are based on a retracement, and the extension of the ABCD pattern. In addition, the first and higher price zone also includes the 34-Day EMA.

Almost every investor uses a pattern trading strategy to discover the next stock they want to invest in for their growing portfolio.

Crude oil tested key resistance at $69.97 before pulling back, signaling potential consolidation, but bullish signals suggest further upside towards the $70.61–$70.81 target zone.