I am using a strategy that my dad taught me...
always look left at the previous High/Lows
price has reached the 100FE(TP1) and completed the initial sequence
price might reach the 161.8FE(TP2)
if price does a pullback/retest without breaking Point 2 that will create Point 4 and the part that reached the 100FE will be labeled Point 3
if price break Point 2 cancel the Bearish setup
always look left at the previous High/Lows
price has reached the 100FE(TP1) and completed the initial sequence
price might reach the 161.8FE(TP2)
if price does a pullback/retest without breaking Point 2 that will create Point 4 and the part that reached the 100FE will be labeled Point 3
if price break Point 2 cancel the Bearish setup
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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.