Price is currently completing the C point in between the 1.618 and 2.24 extension but it could push up further before making a move towards the PRZ.
The measurements for a valid pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
I hope you all have a brilliant weekend!
On the other hand, Im trying to figure out the reasoning for a cypher with ab extension greater than 1.41? Thanks for sharing
It has fooled a lot of traders looking to short, I don't plan on being one of them so I'm sidelined until I see further confirmation of the trend breaking down.