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Hi all,
Slide 13, mentioned on how a "ABC" entry pattern is formed. Im not sure why this ABC bull flag is chosen (In green), instead if the first PB occurrence (in red)
Hope someone can clarify.
Thank you.
They are different: the red ABC you drew is not actually an ABC PB but rather a BO PB. The green B did not go above the prior high, and gave a second entry, c. This is an ABC PB. The red B instead was a succesful BO going way higher above the prior high so, once it PBs, it becomes a BO PB. In this case, the BO PB became an ABC PB.
It’s much clearer now. Thank you
