👆▫️Harmonic Patterns: AB=CD
Scott M. Carney, refined the pattern (introduced by Harold Gartley) by assigning new elements and specific Fibonacci ratios to confirm the formation. The result is what is known today as the AB=CD pattern.
When the structure conforms to the following specifications, then it qualifies as a perfect bullish AB=CD pattern.

The specifications are the following:
•AB=CD
•BC retraces 0.618 of AB
•CD terminates at the 1.618 projection of BC extension or
CD must retrace the 1.272 extension level of AB.
•Equal time of duration for AB and CD

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