Trading an ABC Bullish Pattern

The example above shows an ABC pattern from the S&P Emini futures 30 minute chart. After formation of the AB swing, the "C" pivot point was expected around 62% of AB range. Price trading above the previous bar's high signaled a potential "long" trade.

1. Enter a "long" trade above the previous bar's "high."

2. Place a "stop" order below level "C."

3. Set "targets" at 100% of AB range and at 127% of BC range.

ABC Bearish Pattern

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