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123 setup

Here is file of the trade setup I was talking about.

Two additional comments I would make is that the file makes it sound like the retrace has to be the .382 fib level where in reality it can be .382 .500 or .618.

Also the directional move needs to resemble an Elliot Wave 5.

Click link to access uploaded file:
thanks myptofvu...I understand now what you were talking about. Your taking an ab=cd and then finding the extension of the ad swing.