· Precise 61.8% B point retracement of XA leg.
· BC projection must not exceed 1.618.
· Equivalent pattern is most common.
· 0.786 XA retracement.
· C point within range of 0.382-0. .
Target 1 at 38.2% retrace level of AD
Target 2 at 61.8% retrace level of AD
Ideally you want a minimum of 2 Fibonacci price relationships converging within a relatively tight range so that when price enters the PRZ we can watch for a trigger (confirmation) that will tell us to enter the market. Hope that helps!