Another ABC Bullish on Larger Scale
January 13, 2010 6:53 PM

Jan. 13, 2010 (Market Close)

Another spectacular ABC Bullish pattern with perfect targets at 162AB (1145). This ABC is computed on a little larger size. Today’s Morning sell off produced the 84.62% retracement into AB swing. Market structures (MSH, MSLs) were marking the entire ABC Pattern. The was not triggered until the price closed above MidBand (1133) at 0.38 AB Size. The first target was at 1139 (100% AB) and the next targets were 127AB (1141.75) and 162AB (1145).

ABCBullish_MSHMSL

ABC Bullish
Fib. Bands
Market Structures

Comments

2 Responses to “Another ABC Bullish on Larger Scale”

  1. Oskar on January 14th, 2010 1:21 pm

    Great site, keep up the good work!

  2. Oskar on January 14th, 2010 7:21 pm

    Great site, keep up the good work!