- (AB) has to cross the 0.5 of the (XA), but cannot touch to 0.618 of (XA)
- (BC) has to cross the 0.618 of the (AB), but cannot close above of A
- (CD) is expected to be flagged at 0.886 of (XA)
- The first target is the 0.382 of the A to D
- The second target is the 0.618 of the A to D
- Stop is usually put to 20 pips below of X
- (BC) has to cross the 0.618 of the (AB), but cannot close above of A
- (CD) is expected to be flagged at 0.886 of (XA)
- The first target is the 0.382 of the A to D
- The second target is the 0.618 of the A to D
- Stop is usually put to 20 pips below of X
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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.
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.