in this Idea
if you draw fibo tool from x to A and check 0.618 level and candles behavior in the edge of this level. you easily could find that this pattern is not valid for trading.
it was better to see a chart same as this photo
Steve666
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Well it DID bottom and will probably go higher; position was stopped in and then stopped out for 55 pip loss.
if you draw fibo tool from x to A and check 0.618 level and candles behavior in the edge of this level. you easily could find that this pattern is not valid for trading.
it was better to see a chart same as this photo