Each bullish wave from 2007-2011 experienced a major retracement after months of gains. The average retracement fell between the .382 and .5 fibonacci zones. The first and last wave experienced a .886 retracement.
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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.