1. Find the point X at the bottom and point A at the top of a strong bullish trend.
2. 1st Retracement is not higher than the 61.8% of point X.
3. Point C should be confirmed at the 113% to 161.8% retracement area of A.
4. Point D should be confirmed at the 161.8% to 224% retracement area of B.
4a. Point D should be confirmed at the 88.6% to 113% retracement area of X.
* The take profit for this order can be placed at the 38.2%, 50%, 61.8% ,88.6% or 100% retracement of point C , depending on the fundamental condition.
2. 1st Retracement is not higher than the 61.8% of point X.
3. Point C should be confirmed at the 113% to 161.8% retracement area of A.
4. Point D should be confirmed at the 161.8% to 224% retracement area of B.
4a. Point D should be confirmed at the 88.6% to 113% retracement area of X.
* The take profit for this order can be placed at the 38.2%, 50%, 61.8% ,88.6% or 100% retracement of point C , depending on the fundamental condition.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.