Disliked{quote} 1.2377 is 61.8 extension according to your chart. I would draw them like this on the 4 hrs Chart. A- 1.29 Top B- 1.2698 Bottom C- 1.2575 32.8 Retrace D- 1.2367 1.618 Extension (of the whole swing from top to bottom) 61.8 Extension of A-B-C at 1.2484 1.618 Extension of A-B same area {image}Ignored
Pedro what I am saying.. forget the chart.. its an example... but is the 61.8 extension really 1.618????
Where I have 61.8 at 123.78 ish.... should that be 161.8???? I count it as 161.8 but recently I've asked myself is it the 161.8.
I know I have it labeled at 61.8 but I'm asking is it the 161.8?? if so I should change labels
Thanks