These bullish and bearish 5-point patterns are based on various Fibonacci retracement 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, commodities, indices, etc.
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Updated to give a clearer signal of where the pattern completes.
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FEB 2020 UPDATE:
Now includes take-profit targets and stop-loss guidelines on chart! Anticipates and projects more patterns as they are forming.
See our signature below for access.
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You can now set alerts on XABCD Scanner's signals.
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