Now, to predict the next future price movement, we must attempt to complete the AB=CD pattern. To accomplish this, we again must review the laws and not be caught up in outside “noise” attempting to distract you from the truth that is right in front of your eyes. We must follow the strict mathematical calculations that have been seen over and over again throughout the course of natural history. According to the law of AB=CD patterns, the CD leg should be of equal length and trajectory of the AB leg. Additionally, the target point of D should ideally be between the 1.272% – 1.618% Fibonacci extension of BC . Using the Bullish trendline as our guide, and considering the angle and length of AB (16 bars, months), we bring ourselves to Oct’ 2022 at a price target of $80,800-87,200
If you agree with this prediction or you have any thoughts or concerns, please feel free to comment below.
***This is not financial advise, please be well-informed and complete your own due diligence***
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