ABCD 斐波那契 (ABCD Fibo)

Let us have some fun with ABCD Fibo

Ingridents

M15 Chart where you can see the candles not very thin and not at all bold

The advantage of M15 chart is you can see minimum two days of trading and it is very important for our set up

EMA 70 close in M15 chart

Fib from MT4

You trade long from A to B and you trade short from B to C and you trade long from C to D

You will be doing the reverse like short from A to B ..........

Well well How am I going to spot these ABCD in M15 chart

Simple

In the case of long from A to B to start with

Look to your left side of the chart and see do you have any previouse
low in the previouse day in M15 CHART if the answer is NO. Take the current low as your A

Based on price Action you will long from point A to Point B

How do I know my point B well there are two indications

Candles crossed EMA 70 and started to show weakness, Wait
Candle started to move below EMA 70

Mark that as your high point B by using the Fib

Journey from B to C which is going to be your short will be

If the currencey pair is bullish it will move down either to 31.8 or 50 fib level or it can go below 61.8 to 71. 6 fib level

But at no point in time it should not go beyond point A if it is not going below point A then that will be point C.

Once C is established your journey will be from C to D fib extesnion
124 etc .

Stop loss if you are moving from C to D for long the candle where you
marked as point A (low of that Candle)

Stop Loss for short from B to C can be the high of candle you spotted in B

Stop loss if you are long from A to B i think use your judgment.

As per rule you should not have any other high when you mark point B, but I am diluting little bit here by using EMA 70 and weakness.

The overall picture of ABCD indication is provided by the great trader
which i cannot name here as per FF rules

But I am providing the entire trip if you have the time

I am attaching the EU chart for further discussion