"Potential Bullish 5-0 Pattern"
Entry: As close to 3.20
The retracement for the BC leg to CD is 61.8%, which is contrary to the 50% retracement prescribed for the 5-0 pattern to be valid. However, Scott Carney suggested studying the range of the BC leg in order to determine the appropriate retracement level. Again, it's debatable whether the use of the 61.8% is correct... I guess we'll just have to see.
Comments as usual will be most welcome and appreciated.
PD: with position.