Report post

What is ABCD trading pattern?

The ABCD pattern is an intraday chart pattern. It’s when a stock spikes big, pulls back, then grinds ups and breaks out to a new high of the day. What’s the Importance of the ABCD Trading Pattern? The ABCD pattern helps give traders a framework for where to risk and enter their trades.

What is the ABCD pattern drawing tool?

The ABCD Pattern drawing tool allows analysts to highlight various four point chart patterns. Users can manually draw and maneuver the four separate points (ABCD). The ABCD points create three separate legs which combine to form chart patterns. The three legs are referred to as AB, BC, and CD.

What is a day trading pattern?

As a day trading pattern, these two intraday swings are connected by a countertrend (smaller) leg from B-C. There are variations of the pattern, like an ABCD extension, as well an interpretation that is more like a cup and handle pattern popularized by InvestorsUnderground.com

Where can I learn more about IG – ABCD trading patterns?

You can go through our online trading courses on IG Academy to learn more about technical analysis and chart patterns. Alternatively, head over to our dedicated forum, IG Community – ABCD pattern to discover how other fellow traders have fared using the trading strategy.

Related articles

Canadian Authorities Initiate New Project to Combat Crypto Fraud

Canadian Authorities Initiate New Project to Combat Crypto Fraud2024-09-06 09:48:40The Alberta Securities Commission (ASC) has collaborate […]

Canadian Crypto Exchanges Faces Deadline For CIRO Membership

Canadian Crypto Exchanges Faces Deadline For CIRO Membership2024-08-06 23:33:50Canadian crypto exchanges face a looming deadline to comply with new regulations, specifically CIRO membership. With the crypto deadline approaching, exchanges are scrambling to adapt and ensure regulatory compliance. The question arises: are Canadian exchanges urgently pursuing regulatory compliance? This article explores the challenges and opportunities facing Canadian crypto exchanges as they navigate the changing regulatory landscape.

Best Ethereum ETFs In Canada For 2024

Best Ethereum ETFs In Canada For 20242024-08-01 02:52:21Discover the top Ethereum ETFs in Canada for 2024, including a comprehensive guide on what Ethereum ETFs are and how they work. Learn about the evolving investments in Ether ETFs like ETHR and CI Galaxy’s ETHX, as well as the purpose and benefits of investing in ETHH. Stay ahead of the curve with our curated list of top Ethereum ETFs for Canadian investors.

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms2024-07-25 15:35:16On Wednesday, Bitcoin mining firm Riot Platforms announ […]

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction2024-07-21 22:57:17Solana ETFs’ approval prospects and SOL price predictions are gaining momentum, with investors speculating on the potential impact of these funds on SOL’s growth. The outlook is being closely watched, especially during U.S. elections, as market sentiment could shift. While CME futures are not yet a necessity, the ETF approval may serve as a significant catalyst for SOL’s price movement. Stay tuned for updates on this developing trend.

The World's Leading Crypto Trading Platform

Get my welcome gifts