1. This Call had a vary shallow retracement of less than 23.6% on the daily time frame 2. When this happens, the D extension shifts to either the 1.18 or the 1.27 extension. 3. In this situation, the 1.18 extension has been hit and price has consolidated.
Rules that have been achieved: 1. Daily D extension hit after shallow retracement. 2. Trend line has been broken
What needs to happen for entry? 1. Looking for a break out of consolidation to the downside. 2. Looking for an entry after the break and retest of the consolidation zone.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.