ABCD Fibonacci Fan Pattern

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I am measuring ABCDE but the B point is where there is a bullish divergence. In each instance, the B point marks the end of a falling trendline and a reversal occurs. C marks the first tap after divergence and is the second tap of the upper trendline from the prior run.

What is interesting is that a wedge forms on the C - D line. I will be watching to see if this breaks into a slow uptrend over the next week.

Further validation of this theory is that volume does not increase until a few weeks after this D-point breakout. Everything leading up to D-point is dried-out volume.

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