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Thanks for the explanation, i recently know this pattern. Looking at the chart, for me that area is too choppy, i would prefer to wait for the gartley completion, there are more reason to enter a trade there.
Mincealors99
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what does "2618" mean? Can you explain?
KarYong
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'2' refers to a double top or double bottom.
'618' refers to the 61.8% retracement.
so 2618 basically means we are trading the 618 retracement of a completed double bottom or double top.