We are looking for a D leg completion of this for our buy orders to be triggered.
The C leg of this didn't exceed A, so in my rules this is still a valid .
Having now retraced back into the 61.8% Fib level, we can also trade this as a 2618.
Rules Of Engagement 2618
- Break below Neckline / Support
- Stop loss above
- Target 1 at 38.2% Fibonacci
- Target 2 at 61.8% Fibonacci