In this example, not only did we have the typical price relationships
that we look for in a two-step pattern, but we also had another symmetry
projection from a prior low-to-high swing that just happened to overlap
the other relationships. Also, the swing from point c to point d was only
11 points. Since the difference between a 1.272 extension and a 1.618 extension
of an 11-point move was minimal, both the 1.272 and the 1.618 extensions
of point c to point d ended up overlapping the other price
relationships. It does strengthen a setup when other price relationships
also overlap the two-step pattern plan, especially if they are symmetry
projections. A decline of 87 points was seen from the high into this twostep
pattern cluster.