(ii) A Bearish occasionally forms after retracing from a critical high point. ie, 3388.70
the retracement 0.886 will occur close to the prior high when completed, which is X.
- Wait for the entire Potential Reversal Zone to be tested before executing, to validate.
Terminal Bar means reversal bar is important to excuse our trade setup.
For target, You can use Fib Ratio 62.8% and 38.2% as targets.