I am using a strategy that my dad taught me...
always look left at the previous High/Lows
price has reached the 100FE(TP1) and completed the initial sequence
price might reach the 161.8FE(TP2)
if price does a pullback/retest without breaking Point 2 that will create Point 4 and the part that reached the 100FE will be labeled Point 3
if price break Point 2 cancel the Bearish setup
always look left at the previous High/Lows
price has reached the 100FE(TP1) and completed the initial sequence
price might reach the 161.8FE(TP2)
if price does a pullback/retest without breaking Point 2 that will create Point 4 and the part that reached the 100FE will be labeled Point 3
if price break Point 2 cancel the Bearish setup