Green: 100% extension of June selloff Blue: 100% extension of first leg lower of August selloff Yellow: 50% retracement of move higher from March low Red: 85% retracement of move higher from June low
*My opinion is the weakest of these price relationships is the 85% retracement, although it is not a 'default' retracement, it is used in Elliot wave. It is interesting to note the 85% retracement landed within .02 of the 50% retracement