•AB leg can retrace 38.2% or 50% of XA leg
•BC leg can retrace between 38.2% – 88.6% of AB leg
•CD leg can retrace up to 88.6% of XA leg
•CD leg can also be an extension of between 1.618% – 2.618% of BC leg
•BC leg can retrace between 38.2% – 88.6% of AB leg
•CD leg can retrace up to 88.6% of XA leg
•CD leg can also be an extension of between 1.618% – 2.618% of BC leg
Note
I'm confident in this trade for two reasons, 1 the terminal bar at the 2.618 CD and 88.6 XD and 2. RSI O/B has now fallen below the 70Note
Now it the perfect time to get in. Down she goes from hereNote
All targets hit
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.
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.