Education

INDEX:DXY   U.S. Dollar Index
3232 6
1. Find the point X at the bottom and point A at the top of a strong bullish trend .

2. 1st Retracement is not higher than the 61.8% of point X.

3. Point C should be confirmed at the 113% to 161.8% retracement area of A.

4. Point D should be confirmed at the 161.8% to 224% retracement area of B.

4a. Point D should be confirmed at the 88.6% to 113% retracement area of X.

* The take profit for this order can be placed at the 38.2%, 50%, 61.8% ,88.6% or 100% retracement of point C , depending on the fundamental condition.
where must be the stop losse on those pattern?
SungPLM
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ninjabenja
Thanks! I hope people find it useful!