ABC patterns are corrective patterns where trades are only traded in the Trend Direction (in AB Direction).
ABC Pattern formations are more powerful when a Market Structure Low (MSL) or MSH is part of the structure.
These patterns are traded with Market Context using Fib. Bands and MSH/MSLs to find perfect patterns.
Here is the @ES chart in 1220 tick time-frame, where point 'A' was MSL. Also, note point 'A' is outside the
extreme Fib. Bands. After a retracement of 90% (small Triangle of only 2.5 points), price retraced back into
the Fib. Bands and signaled an AB trade at 1090. The initial targets were very small: 1091-92 (100-127%).
This pattern continue to trade higher and seen major resistance at VAH (Value Area High).