Let’s take another example which is shown here
The chart looks hugely messy here.
XB = As long as it is less than .618 we are fine but we prefer it to be .382 to .500. Not satisfying.
BD = As long as it is more than 1.618 we are fine but we prefer it to be 1.618 to 2.618. This is not much that important. Satisfying because it is assumptive but why not assume 1.618 or 2.618.
AB=CD pattern is usually extended.
XA = 0.886. Slight deviation is OK. Not satisfying.
AC = Range between 0.382 and 0.886. Satisfying.
There was no tradebox too!
The chart looks hugely messy here.
XB = As long as it is less than .618 we are fine but we prefer it to be .382 to .500. Not satisfying.
BD = As long as it is more than 1.618 we are fine but we prefer it to be 1.618 to 2.618. This is not much that important. Satisfying because it is assumptive but why not assume 1.618 or 2.618.
AB=CD pattern is usually extended.
XA = 0.886. Slight deviation is OK. Not satisfying.
AC = Range between 0.382 and 0.886. Satisfying.
There was no tradebox too!
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Our community is full with traders who actually trade!
Telegram: t.me/unofficed