Cryptocurrency Q&A
Is ABCD pattern bullish or bearish?
Is ABCD pattern bullish or bearish?
SakuraSpirit
Sat Dec 14 2024
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6 answers
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I'm trying to understand the ABCD pattern in trading. I'm curious to know whether this pattern indicates a bullish or bearish market trend. Can someone clarify this for me?
6 answers
HanjiArtistry
Mon Dec 16 2024
The BC line within this pattern signifies a retracement or correction phase.
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CryptoChieftainGuard
Mon Dec 16 2024
Traders closely monitor the formation of point B in the pattern.
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Alessandro
Mon Dec 16 2024
Traders often perceive an ascending ABCD pattern as a sign of a bearish trend.
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KatanaSwordsmanshipSkill
Mon Dec 16 2024
This point B signifies a new low in the stock price after it has hit a previous low at point A.
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Pietro
Mon Dec 16 2024
Conversely, a descending ABCD pattern is viewed as a bullish trend pattern.
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