Given the long-term nature of this pattern, gold has reached a potential pivot level that could lead to a retracement and end the current sharp advance, at least for the near-term.

SPY completed extended ABCD target at the 127.2% and is currently attempting to go into retracement mode. there’s a small emerging cyan harmonic pattern with PRZ (Potential Reversal Zone ...

When pivot A occurred at or near a Fibonacci confluence generated by their T-3 Fibs Protrader indicator, it was a good place to make a conservative long trade with the trend (see Figure 2).

A little below the uptrend line is a price range from 28.50 to 28.30 consisting of the 61.8% Fibonacci retracement and the 161.8% extended target for the declining ABCD pattern.

So let’s begin our study with a look at the first C wave – in 2002 Right from the very first ABCD pattern, gold uses the A wave to announce the significance of the 50% Fibonacci level.

Fibonacci need not be difficult! This month fund manager and trading coach Andrei Pehar will share his popular ABCD pattern, which can easily be used to trade news ...

The ABCD pattern takes the shape of a lightning bolt and is comprised of 3 distinct moves within specific Fibonacci relationships that can help you spot potential reversal zones so you can jump back ...

Given the long-term nature of this pattern, gold has reached a potential pivot level that could lead to a retracement and end the current sharp advance, at least for the near-term.