The measurements for a valid pattern are detailed below.
C: 0.618 - 0.786
D: 1.272 - 1.618
Excellent trading opportunity with over 1:3 risk to reward.
The D point forms at a key in the market which indicates a reversal at this level rather than a D point of 1.618.
A to B time completion is expected to be as similar to C to D as possible with around 22 days and 389 price bars.
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