It is possible to break down the XABCD pattern types into retracement, extensions and x-point patterns. It can be tricky to find them if you do it on your own and very time consuming as there are approximately 11 ratios to calculate in each pattern. Instead, with some resources we've made, we automatically do it.
Such trends are based on individual feelings, and one time frame is not greater than another. If it's a shorter-term step, the traders responding to those events behave the same way.
It would only make sense to take time into account, as XABCD cycles map out human emotions. We have to note that when you put together an action strategy, you need to ensure all the most stable trends possible if you intend to make changes. In this way, we can see more clearly the consequences of our adjustments on the outcomes that are going forward.
Check more about how the XABCD harmonic patterns work in your favorite markets on PatternsWizard! All the statistics you need to stack the odds in your favor!
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