Most common levels for retrace is 50%, if not 62%.
Extensions are drawn off the latter (62%)
Wave three most common fib extension is 1.62.
Extensions are drawn off the latter (62%)
Wave three most common fib extension is 1.62.
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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.