I just saw in my pre-week analysis a potential Butterfly-Pattern in the Daily Chart.
Entry, is in the Zone between the 1.141 Fib expansion from X-A and the 1.618 Fib expansion from A-B.
Agressiv Stop would be above the A-B 1.618 Expansion. The normal Stop would be around the 1.618 Expansion from
X-A.
Stop Loss at 10659.42
Target 1 would be at the 32.8 Fib Retracement at 9934.68
Target 2 would be at the 61.8 Fib Retracement at 9647.52
Enjoy your weekend
Entry, is in the Zone between the 1.141 Fib expansion from X-A and the 1.618 Fib expansion from A-B.
Agressiv Stop would be above the A-B 1.618 Expansion. The normal Stop would be around the 1.618 Expansion from
X-A.
Stop Loss at 10659.42
Target 1 would be at the 32.8 Fib Retracement at 9934.68
Target 2 would be at the 61.8 Fib Retracement at 9647.52
Enjoy your weekend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.