My current shorts target nearing around the C point. After that I will start looking for the long with a target up to 1.14 area.
The C point and the retracement on BC leg can vary from 50% retracement (1.1197 area) down to 61.8% retracement (1.1162 area), but should not exceed the 61.8 by much. If it does, it erases the pattern for me and indicates to further down movement.
If C point stays valid and shows resistance, then long with a stops below 61.8% and targets minimum of 1.272% of BC leg all the way up to 1.618% of BC leg.
The C point and the retracement on BC leg can vary from 50% retracement (1.1197 area) down to 61.8% retracement (1.1162 area), but should not exceed the 61.8 by much. If it does, it erases the pattern for me and indicates to further down movement.
If C point stays valid and shows resistance, then long with a stops below 61.8% and targets minimum of 1.272% of BC leg all the way up to 1.618% of BC leg.
