1. AB should be 382 or 618 retracement of XA
2. BC can either be 113 or 141.4
3. CD must be 78.6 retracement of XC
Green horizontal line at 1160 for entry price and 1137 for stop loss slightly below X
Turn to weekly chart and you can see that it has been retracing around that area a few times which indicates a strong support.
2. BC can either be 113 or 141.4
3. CD must be 78.6 retracement of XC
Green horizontal line at 1160 for entry price and 1137 for stop loss slightly below X
Turn to weekly chart and you can see that it has been retracing around that area a few times which indicates a strong support.
