For both the and versions of the chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement. If you use the tool on leg AB, the retracement BC should reach until the 0.618 level. Next, the line CD should be the 1.272 of BC .
We would like to trade the possibility of line C to D. Daily support currently at 100.00.
sell 99.95, stop loss (previous high) 101.20 and take profit at D 98.00