The measurements for a valid are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
Final X to D: 0.786
Price is currently trading within a , approaching major resistance at our C point and about to complete the D leg of a separate pattern not shown on this chart... . This is why I love this setup!!!
Let's take a look into the longer timeframes with the Weekly chart, as you can see we have started trading above the 200 . Currently approaching major resistance around our reversal zone, I'll be expecting price to sell off in this area all the way down to meet our before showing any signs of a reversal.
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