What is the definition of AB pattern in the context of cryptocurrency trading?

1 answers

• alejandroApr 24, 2023 · 3 years ago
  The AB pattern is a popular technical analysis tool used by cryptocurrency traders. It involves identifying two legs in a price movement: the AB leg, which represents the initial move, and the BC leg, which represents the correction or retracement. Traders use Fibonacci retracement levels to determine the potential reversal or continuation of the trend. The AB pattern can be a useful tool for identifying entry and exit points, but it should not be relied upon as the sole indicator for making trading decisions. It is important to consider other factors and indicators when using the AB pattern in cryptocurrency trading.
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