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That does not look that far of , the swings would be tradeable if a 240 min. or 60 min were used for entry . add in fib extensions of 161.8 from the last major swing high or low and fib . retracements in to the gold zone . may be , we shall see . thanks trade well .
use your market profiling skill set into the major turning points , excess , poor highs and lows and a brake out of balance ( example ..a gap in the correct direction that does not fill quickly .