ATA #BEARISH BUTTERFLY
BEARISH BUTTERFLY #ATA YOU MUST CHOSE RIGHT STOP LOSE .. BECAUSE THE BITCOIN MAYBE GO DOWN
YOU CAN GO NOW .. BUT STOP LOSE AT RED LINE
AND THE TARGETS AT YELLOW LINES
IF YOU NEED MORE OF INFORMATIONS YOU CAN COME IN THE TELEGRAM GROUP
The Butterfly Pattern uses the identification of quantified structures on a chart that has specific and sequential Fibonacci ratio alignments that show harmonic patterns. These patterns calculate and measure the Fibonacci aspects of the price action structures to signal reversal points with good odds of success. Traders using harmonic patterns as a trading method believe that these types of patterns or chart and market cycles repeat over time. The key to profitably using the butterfly pattern is to identify the favorable risk/reward set up on extensions in price, betting on a reversal and to enter a trade based on a high probability that the same repeating swings will occur.
The Bearish Butterfly Pattern is a reversal pattern with four distinct swings in price or ‘legs’ , it is similar to both the Bearish Gartley and Bearish Bat Patterns.
The butterfly pattern tries to identify when a current price swing in progress is probably getting near its end. This is a reversal chart pattern with traders trying to enter a trade on the chart as the price action reverses its current direction.
This is what the bearish butterfly chart pattern looks like.
YOU CAN GO NOW .. BUT STOP LOSE AT RED LINE
AND THE TARGETS AT YELLOW LINES
IF YOU NEED MORE OF INFORMATIONS YOU CAN COME IN THE TELEGRAM GROUP
The Butterfly Pattern uses the identification of quantified structures on a chart that has specific and sequential Fibonacci ratio alignments that show harmonic patterns. These patterns calculate and measure the Fibonacci aspects of the price action structures to signal reversal points with good odds of success. Traders using harmonic patterns as a trading method believe that these types of patterns or chart and market cycles repeat over time. The key to profitably using the butterfly pattern is to identify the favorable risk/reward set up on extensions in price, betting on a reversal and to enter a trade based on a high probability that the same repeating swings will occur.
The Bearish Butterfly Pattern is a reversal pattern with four distinct swings in price or ‘legs’ , it is similar to both the Bearish Gartley and Bearish Bat Patterns.
The butterfly pattern tries to identify when a current price swing in progress is probably getting near its end. This is a reversal chart pattern with traders trying to enter a trade on the chart as the price action reverses its current direction.
This is what the bearish butterfly chart pattern looks like.
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