" Considering that usually extended waves are explosive move, and this comes to explain why traders are keen to position themselves ahead of such a move. The 161.8% extension level is actually one the minimum level to be reached, but often extensions go all the way to 261.8%, and even 461.8% or more. This is how important is to ride the right wave! "
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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.