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The 50 ema line acts as a support if price is above it and acts a resistance when price is below it, therefore, to make sure that price does not bounce off from this 50 ema line, the 10Read more
to point B and multiplyng by the factors below. Abcd pattern : The length of line AB should be equal to the length of line. Similarly, point B should be the.618 retracement of drive. Pattern, forex, support and Resistance Strategy? Reproduction or re-publication of this content is prohibited without permission.
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Enter near point C exit at point. For Extension left click on point B, hold and drag the line, to point A and release. No Deposit Required, automatically Credited To Your Account, no Hidden Terms. As you can see from the charts above, point A should be the.8 retracement of drive. Abcd chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement.