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"How to Trade the ABCD Pattern"

As the prices of securities fluctuate, past price data is recorded and can be observed on what we call price charts.

If you have ever had any interest in the financial markets, you have no doubt seen a price chart before.

Occasionally, the data recorded onto these price charts form patterns. A pattern is simply a recognizable configuration of price movement. These distinctive formations form the basis of what we call technical analysis.

Technical analysts interpret these patterns in an attempt to predict future price movements. The basis of this belief is largely founded in human psychology and herd behavior.

This post will analyze a specific chart pattern known as the ABCD pattern. We examine how to use this pattern, its variations, and a couple of useful indicators that you can use when trading this pattern on the markets.

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