These and 5-point patterns are based on various levels and signify potential reversal zones (PRZ).
As they become 80% complete, the dashed-line pattern will appear, displaying the PRZ and giving you time to prepare for a reversal.
Different combinations of specific fib retracements and extensions result in different patterns, and each is named for identification.
- Bullish patterns signify a potential turn to the upside are colored green.
- Bearish patterns signify a potential turn to the downside are colored red.
9 popular patterns are currently recognized.
XABCDs can be applied to all markets: crypto, forex, , indices, etc.
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