ABCD – Bullish

ABCD is a popular harmonic pattern for trading reversals. Renko ABCD is an attempt to make that pattern objective considering the advantage of objectivity offered by Renko bricks.

ABCD is a three-leg pattern, with AB being first move, BC the second, and CD the third.

In the bullish Renko ABCD pattern:

  • AB is a bearish swing move.
  • BC is a corrective move having fewer bricks than the move AB, and the high at Point C is lower than Point A.
  • CD is also a series of bearish bricks which is exactly equal to the number of the bricks in AB series.
  • CD is followed by bullish brick reversal.

It is a bullish trend reversal pattern.

This pattern is developed by Definedge and explained in the book on Renko charts by Prashant Shah.

Click here to know more about the pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

Open Demat Account