❓How to trade AB=CD pattern?

🟢The AB=CD is a form of a basic harmonic pattern ABCD. The pattern consists of 3 price swings. The lines AB and CD have exactly the same length. As a result, AB and CD have the same angle. This ABCD pattern type is often seen and is popular among traders.

📈 How to trade AB=CD pattern?

1️⃣Study the chart looking at the price’s highs and lows. Using a ZigZag indicator (Insert – Indicators – Custom – ZigZag) that marks the chart’s swings may be helpful.

2️⃣Watch the price as it forms AB and BC. Notice that a 61.8% retracement at point C tends to result in the 161.8% projection of CD. After reaching the D level at 161.8%, you can expect a reversal toward the 38.2% retracement of AD. This is going to be our first take profit.

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🔤🔤🔤🔤

🇪🇺 European stocks closed sharply lower as protests and unrest spread beyond France. Widespread demonstrations and clashes with police across several countries are adding to investor concerns over political and economic instability in the region.

🇺🇸 US stocks ended the session with no clear direction. The US500 is trading around 7,705 points. Meanwhile, according to BofA/EPFR, investors withdrew $5.2 billion from US Big Tech stocks last week.

🛢 XBRUSD is trading around $106.68 per barrel. New Houthi attacks on Saudi Arabia’s energy infrastructure, including the Shaybah oil field, are raising concerns over potential oil supply disruptions.

🔥 European natural gas prices have reached their highest level since December 2022. Low storage levels and the risk of LNG supply disruptions through the Strait of Hormuz are adding to energy market concerns ahead of the winter season.
#MarketNews

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😛😄🙌

Globally, the index remains in a downtrend. Locally, the price is moving within a descending channel and is currently testing the 7690 support level.

#TradeIdea

🔽 If the price breaks and holds below 7690, the decline could continue toward 7645.
🎯 Target: 7645

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😛🤠🤗😜

The asset is showing signs of recovery, with the price moving toward the upper boundary of the consolidation range and the 0.7009 resistance level. The price reaction at this level could determine the asset’s next move.

#TradeIdea

🔼 If the price breaks and holds above 0.7009, the upward move could continue toward 0.7040.

🔽 However, if the price fails to break above resistance, the decline could resume toward the 0.6975 support level.

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🧠 Smart money concept that works!

⏸️ Supply and demand trading is about placing your orders according to zones where the price tends to reverse due to various factors. It’s almost like support and resistance lines but wider and usually backed up by fundamental factors.

⚡️ Usually, the price reacts sharply to supply and demand zones, meaning there is a lot of selling or buying interest.

✅ But how do you know when to enter? That’s what the picture is about. Look for a rally-base-drop movement or other variations of it. The price tends to retest the base before moving toward the rally.

📍 These areas allow traders to implement a favorable risk-to-reward approach in trades. You can set a buy limit order before the price reaches the base, and the chart will do it for you. Notice that stop loss should usually be near the demand zone and below the supply zone.

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Put 👍👍👍 if you use Smart Money concepts in trading!

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🔤🔤🔤🔤

🇪🇺 European stocks continue to fall amid ongoing protests. Persistent social unrest is fueling investor concerns and putting further pressure on regional equity markets.

🇬🇧 UK inflation accelerated in September. Annual CPI rose to 3.5%, above expectations of 3.4% and the previous reading of 3.1%. Monthly inflation came in at 0.4%, versus the 0.3% forecast. Core CPI also increased to 2.8% year over year, in line with expectations. Higher inflation could put additional pressure on the Bank of England and influence interest rate expectations.

🇺🇸 The US is strengthening its military presence in the Middle East. According to media reports, the USS Theodore Roosevelt carrier strike group and the 13th Marine Expeditionary Unit are expected to arrive in the region by the end of November. The increased military presence raises the risk of further escalation and could support oil prices.

🏦 Economists expect the Fed to hold rates in October but raise them in December. According to a Reuters poll, 94 out of 100 economists expect the Fed to keep rates at 3.75%–4.00% at its October 27–28 meeting. All 100 respondents expect a rate hike in December amid persistent inflation.

#MarketNews

📆 CALENDAR FOR TODAY - 21.10.2026

🇬🇧 GBP — BOE Gov Bailey Speaks — 16:00 GMT+3

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😛🙃🤗😜

The asset remains in a broader downtrend. Locally, the price has made a modest recovery but failed to update the local high at 57.97. The price is now trading near the 56.83 support level.

#TradeIdea

🔽 If the asset manages to break below the 56.83 support level, the decline is likely to continue;
🎯 Target: 55.56.

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😛☺️🤗😜

Globally, the asset remains in a downtrend. However, locally, the price is holding above a local trendline. The price is now testing this trendline alongside the 1.1219 support level.

#TradeIdea

🔼 If the support level holds, the asset could recover toward 1.1242;

🔽 However, if the price breaks below both the trendline and the 1.1219 support level and holds there, the decline could continue.

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😛☺️🤗😜

The asset is moving within an ascending channel, with the price fluctuating between its boundaries while maintaining a bullish structure. The price is currently testing the upper boundary of the channel at the 108.30 resistance level.

#TradeIdea

🔼 If the price breaks and holds above 108.30, the upward move could continue toward 112.30;

🔽 However, if the resistance holds, the price could decline toward the lower boundary of the channel and the 104.00 support level.

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🔥 RSI vs Stochastic: What is better?🔥

🚀 RSI : A staple for trending markets, RSI evaluates momentum by measuring the strength of recent price moves. It signals when an asset is overbought (above 70) or oversold (below 30), helping you confirm trend sustainability or anticipate reversals. Ideal for longer-term trend analysis.

⚡️ Stochastic Oscillator: Designed for range-bound markets, Stochastic compares the closing price to its recent trading range, offering quicker momentum signals. It’s highly responsive to price changes, making it invaluable for timing short-term entries and exits in sideways markets.

😐 Key Difference:
🟠 RSI = Big picture, slower signals, trend-focused.
🟢 Stochastic = Quick decisions, sharper signals, range-focused.

🚩 Pro Combo Strategy: Combine them! While each has its strengths, combining the two can provide greater accuracy. Use RSI to confirm the market direction and Stochastic to pinpoint entry and exit points.

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🔤🔤🔤🔤

🛢 Oil is trading at its highest levels since May amid the risk of renewed military escalation. The market is concerned about the possible resumption of a large-scale US and Israeli military operation against Iran. Against this backdrop, XBRUSD has climbed to $107.85 per barrel.

🥇Inflows into spot BTC ETFs have reached their highest level in two weeks, according to SoSoValue. Meanwhile, Bitcoin remains near its 50-day moving average, trading around $82,495.

🇳🇿 New Zealand inflation slowed in Q3 2026. CPI rose 0.7% q/q, below expectations of 0.8% and the previous reading of 1.5%. Annual inflation eased to 3.7% from 4.1%, also below the 3.8% forecast. This could ease pressure on the Reserve Bank of New Zealand to tighten monetary policy further.

🇺🇸 Bets on Polymarket increasingly favor Democrats in the US midterm elections. Market participants are placing growing wagers on the party winning control of both the House of Representatives and the Senate. However, these bets reflect platform participants' expectations rather than a guaranteed election outcome.

#MarketNews

📆 CALENDAR FOR TODAY - 22.10.2026

🇺🇸 USD — Unemployment Claims — 15:30 GMT+3

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😛😆🤗😜

Globally, the asset remains in a downtrend. Locally, the price is moving sideways and is currently testing the lower boundary of the range at the 4080 support level.

#TradeIdea

🔽 If the price breaks below 4080 and holds there, confirming a downside breakout from the range, the decline could continue;
🎯 Target: 4021.

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😛🤗🥹😜

The asset had been trading sideways, but the price has broken below the lower boundary of the range and made an impulsive move to the downside. The price is now testing the 156.87 support level.

#TradeIdea

🔼 If the price breaks below 156.87, the decline could continue toward 155.95.

🔽 However, if the support level holds, the price could recover toward the previously broken lower boundary of the range at 157.75.

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⚪️ ETHUSD

The asset has declined and tested an ascending trendline. The price is now retesting this trendline after failing to set a new local high, which suggests that sellers remain in control.

#TradeIdea

🔽 If the price breaks below the trendline and the 2350 support level and holds there, the decline could continue toward 2060.

🔼 However, if the trendline and support level hold, the asset could resume its upward movement toward 2785.

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📝 In trading, greed is when you sell too late, and fear is when you sell too soon...

✅ Save it and share it with friends!

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⚠️ Iran expects a new war to begin this weekend, according to monitoring of Iranian media and social media channels.

📉 Markets are moving into risk-off mode. Investors are shifting into safe haven US Treasuries, while oil prices are reaching new local highs.

🍫 Gold has fallen to its lowest level since July.

🇺🇸 US Initial Jobless Claims came in at 194K, below expectations of 200K and the previous reading of 199K. Continuing Jobless Claims rose to 1.728M, versus expectations of 1.720M and the previous reading of 1.710M.

🏦 Central banks around the world are accumulating gold at four times the usual pace and moving it out of the US.

#MarketNews

📆 CALENDAR FOR TODAY - 23.10.2026

🇬🇧 GBP — Flash Manufacturing PMI — 15:30 GMT+3
🇬🇧 GBP — Flash Services PMI — 15:30 GMT+3
🇺🇸 USD — Flash Manufacturing PMI — 15:30 GMT+3
🇺🇸 USD — Flash Services PMI — 15:30 GMT+3
🇺🇸 USD — Revised UoM Consumer Sentiment — 15:30 GMT+3
🇺🇸 USD — Revised UoM Inflation Expectations — 15:30 GMT+3


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😛☺️🤗😜

The asset once again failed to break below the 1.1262 support level and reverse its structure to bullish. However, the price has now broken below a local ascending trendline and is testing the local low at the 1.1189 support level.

#TradeIdea

🔽 If the price breaks below 1.1189 and holds there, the decline could continue toward 1.1122;
🎯 Target: 1.1122.

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✅ Yesterday’s gold signal hit its target!

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😛🙃🤗😜

Silver continues to move in a downtrend. The price has updated its local low and consolidated below 55.30. The asset is now testing the 53.19 support level.

#TradeIdea

🔽 If the price breaks below 53.19 and holds there, the decline could continue toward 49.98;
🎯 Target: 49.98.

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📈 Trading algorithm

🍀 Your trading should be very well-defined. Every time you start analyzing charts, you must have a set of rules to follow. Without these rules, you're trying your luck and relying on the semi-second decisions and emotions.

👨‍💻 Every pro trader we know has a strategy and a way of analyzing the market they follow without hesitation.

💸 Trading algorithm differentiates a profitable trader from the rest of the market. Here is an example you may follow and improve according to your trading preferences and goals.

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💚 Be sure to save this and share it with your friends!

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