XABCD pattern
Chart patterns5 points to clickDraws a harmonic pattern through five vertices — X, A, B, C and D.
What it looks like
The numbered dots are where you click. Once drawn, you can grab those dots and move them.
How to draw it
Click the swing points in order; each gets its label and every leg is annotated with its retracement ratio.
When to use it
The closer the ratios sit to the textbook values the better the fit, but how much tolerance counts as a fit varies by person.
In SQMATE
What you draw stays
Lines you draw are saved to that symbol's notebook. Open the symbol again and they are still there.
Editable afterwards
Grab the points to move them, and change colour, width and line style. Undo works too.
Shares as drawn
Send the chart as a single link. Whoever opens it sees the same lines.
Related tools
- Cypher patternA five-point tool preloaded with the ratios of the Cypher pattern.
- Head & shouldersDraws the head, both shoulders and the neckline in one go.
- ABCD patternA four-point shape expressing 'CD travels as far as AB'.
- Triangle patternMarks a triangular squeeze with three points.
- Three drivesDraws the three-drives shape: the same wave repeated three times.
- Elliott impulse (12345)Labels an Elliott impulse — waves 1 through 5 — as you draw it.
Drawing tools are a way to organise your thinking. A line you draw does not decide what price will do.