I’m going through the baby pips school and I’m a bit confused As to whether the ABC corrective wave pattern signals a trend continuation or reversal. I’d really appreciate if someone could help me on this
Thanks.
Elliott Waves? Hah. Well there you go, I had no idea the BP school was so advanced.
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It’s a correction - e.g. a measured move down in an up trend.
The pattern site say it better:
The simple ABC correction is a measured move down chart pattern nested inside a measured move up.
I dont want to belittle anyones style of trading, but your time would be better off learning much simpler things.
As a student of the market by all means read about it, but using it in trading - as both a newbie AND using leverage you are nothing but cannon fodder for the brokers.
Just my opinion
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thanks for taking baby pips school as a part o learning and hope you will get the answer that you needed.