The meaning I get from price action is either just a abcd move into structural resistens or a 1.618 ext. that could make a possible higher high and a possible trend change. But it's all in the future.. still in the blur zone what going to happen
I agree with Akil. Bat is my opinion, 0.5 retracement but cannot touch 0.618 and c leg retracement must touch 0.618. But as Akil said, if you tested it and it works go for it. But i stay out of this trade.