As long as 1.70 isn't negated, this fractal is in play. |
Like all organisms (including fractals), they eventually reach maturity, where the rate of growth eventually reaches zero.
This fractal has been one of enormous favor in guiding us through a strategic risk/management trade on a multi-year time-frame, but for how long will this map help guide us through the twists & turns of the Cable trade, is yet to be seen.
So, as I mentioned in the caption under the chart, any move above 1.70 (and a multi-week close above) should be satisfactory for me to discard this fractal as no longer applicable.
For the time being, it still is a worthy map guide.
Good luck, and I hope this was profitable and educational for all.