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3. Alternates- take the range from pivot #1 to pivot #2 multiply that distance by aFibonacci number, add that to Pivot #3 and it will give projections into the futurewhere a possible turning point could be.4. Retracements- take the distance from a #1 pivot to the #2 pivot and take aportion of that range that is commonly less than 100%. The most common ratiosare 38.2%, 50%, 61.8% and 78.6%. This is usually more beneficial from highertimeframes when determining reversal areas.
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