Contraction and Expansion Phases Using the AB=CD Pattern

Markets are constantly moving through contraction and expansion phases. It's important as market technicians to identify which phase the market is in and develop techniques to identify when a shift in phases may be occurring. In this class, Leslie Jouflas, co-author of Trade What You See: How to Profit from Pattern Recognition, will look at basic principles of contraction and expansion phases and how the AB=CD trading pattern can be applied in both environments.