If price breaks the black counter-trendline and close above it, = Buy set-up Target 1 is -27.00% Target 2 = -61.80%
Price has to go down to D and wait for a buy set up to move up
Price has reached D; Sell setup: Sell when price breaks the red counter trend-line
B= 61.8% of XA C= 161.8% of AB D= is suppose to be 88.6% to 113.0%
B= 61.8% C=113% D= should be 78.6% of XC retracement
If all plays out well: Price is going up to D When price reaches D wait for a sell setup and sell