The measurements for a valid are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
We have recently broken out of a trading range which is shown in the chart below, I'll be expecting price to correct itself before continuing the move... In addition we are also seriously overbought on all relevant time frames for .
I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the downside. This looks extremely powerful when you take into consideration all of the analysis above.
∙ Telegram Channel: https://t.me/SixFigureCapital
∙ Facebook: https://www.facebook.com/sixfigurecapital
∙ Instagram: https://www.instagram.com/sixfigurecapital