Lets see what happens … An ABCD Extension of 127% would retest Week #1 bottom range perfectly which is just above this weeks S1 Pivot. Its possible .95400 is rational target before the end of week at which point it will turn upside to continue the consolidation phase.
Interesting Notes
By cloning Week #1 range over to Week #2 puts you directly in line with the retest target. These two ranges have confluence over any other week that have much wider ranges in comparison and don’t come close to matching up .. coincidence ? could this be the week for a retest ? Its kinda cutting it short in my opinion but possible if we get a another good push before close tomorrow.
S1 Weekly Pivot for Week Range #1 lines up perfectly with our 127% D point.
Interesting Notes
By cloning Week #1 range over to Week #2 puts you directly in line with the retest target. These two ranges have confluence over any other week that have much wider ranges in comparison and don’t come close to matching up .. coincidence ? could this be the week for a retest ? Its kinda cutting it short in my opinion but possible if we get a another good push before close tomorrow.
S1 Weekly Pivot for Week Range #1 lines up perfectly with our 127% D point.
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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.