ABCD completion - 169.834
D leg completion - 169.637
Fibonacci Clusters - 169.685 (1.414%) - 169.665 (1.618%) - 169.642 (0.886%)
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for is placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg
X here is a perfect touch of Yearly S1 (pivots are the most widely used indicator and should be part of any analyse imo)
but the D level of the Butterfly on Daily timeframe stands just below, as do a ABCD pattern. We might see a w & R of the
lows to complete the Daily Butterfly. Either way, it is a setup you have which looks fine. Caution though because of the
uncompleted daily Butterfly.