For both the bullish and bearish versions of the ABCD chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement.
Simple, right? All you have to do is wait for the entire pattern to complete (reach point D) before taking any short or long positions.
Simple, right? All you have to do is wait for the entire pattern to complete (reach point D) before taking any short or long positions.