The measurements for a valid are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Credit to https://www.tradingview.com/u/KyleMcQuade/ for spotting this formation.
Right now price has decline by 52% and the overall correction at the PRZ is 64%.
Once the pattern completes I will update the idea before going long!
3200 is a solid buy zone for a long term hold.
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