is the 1st pattern and should be focused on.
XA,AB, BC have completed. CD is in play with a price point of 82.664 as its target.
What to watch for?? if BC retraces down to the AB .886 or 81.606 then our CD new target will be 82.849.
is the 2nd pattern.
XA has completed. AB requires XA retracement 618-.786 into the 81.882-81.709 range.
The next BC target cannot be defined until the have that AB measurement.
What to watch for is the potential BC retracement down to its AB .886. A XA leg having its .786 measurement exceeded makes the invalid.
this study is now closed