The pattern was further defined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Trader', published in 1998.
The pattern incorporates the of XA, as the defining element in the Potential Reversal Zone (PRZ).
The B point must be at the of XA. The utilizes a minimum 127.2% projection of BC .
In addition, the pattern should possess a distinct pattern that converges in the same area as the of XA and the BC projection.
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