- "B" retracement of XA leg @ 61.8%
- AB = CD, is at 11737
- Potential Reversal Area with overlapped Terminal bar.
- "D" retracement of XA leg in range of 1.27 to 1.618.
- Spent 5 Day for, "B" retraced, "D" also 5 days.
This is the district the example. The price is travelling 61.8% retracement area after reversal area.
Also minor variance can be avoided subject to exact plotting on candle close or high and not near to candle... As far as my under understanding it shd be plotted exactly on the candle and the ratio can have slight variation which is negligible...