The X-A leg is generated by an initial price swing in one direction.
The market forms the B if it touches at least a 50% retracement of the XA and it does not touch a 61.8% retracement of the XA.
The market forms the C if it touches at least a 38.2% retracement of the AB and it does not exceed the A.
The Market forms the D (completion point) by fulfilling an 88.6% retracement of the XA.
If
The market forms the B if it touches at least a 50% retracement of the XA and it does not touch a 61.8% retracement of the XA.
The market forms the C if it touches at least a 38.2% retracement of the AB and it does not exceed the A.
The Market forms the D (completion point) by fulfilling an 88.6% retracement of the XA.
If
Trade closed: stop reached
good luck FOXTROT OSCAR PRO SIGNAL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.