DislikedIn the picture you can see how the rule of 38.2% is obeyed last nigh . If price tends to go down and make a new low , then that level should not be broken again .
If Base Level is misplaced only for 2 or 3 pips then this rule might fail .
In another word all traders around the world obeyed this rule to keep continuation of the down trend .
Still do you think Base Level and Abonacci system and this rule are jactitations and that was utterly accidental?!! Or you think that level is perfectly discovered and...Ignored
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