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What is ABCD pattern in trading?

The abcd pattern in trading is an intraday chart pattern that reflects the natural movement of the market. It consists of an initial leg up or leg down followed by a short consolidation and then another leg up or down in the direction of the original move. It looks a lot like a zig-zag.

Should you trade ABCD patterns?

If not, don’t trade it. When watching an ABCD pattern play out, it’s tempting to jump into the consolidation level of the C leg before the 2 p.m. window. But this sets traders up for failure. They’re not meeting the key criteria for trading ABCD patterns.

Is chasing an ABCD pattern stock?

Chasing is not a strategy. A stock that keeps grinding higher all day is not an ABCD pattern stock. It won’t have the clear risk you need. So be patient. It’s tough missing a play just because it doesn’t meet all your criteria. But remember, the more selective you are — the better your odds.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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