ABC bull patterns are simple yet reliable. I got introduced to this pattern by Suri Dudella. His work on patterns can be found here.

BABA made a nice base before making AB advancement. Later it made  61.8% retracement creating BC. It rebounded from point C and the movement is followed through by a nice little gap as highlighted in the chart. Price targets and stop price are clearly defined in the chart.

BABA - ABC BULL Pattern

BABA – ABC BULL Pattern