Bullish Butterfly Idea
Bullish butterfly. Short-term bearish, Mid-term Bullish. XABCD completes the 1.272 at around 2.1 cents. Completing the harmonic and reversing here would be the most ideal scenario because if the 1.272 doesn't hold. Then the next target to complete the harmonic would be 0.005 cents. (half a penny) This would be the most bearish scenario, but would still satisfy the bullish butterfly pattern to take us back around 6-7 cents.
Im hoping 2.1 cents holds and we reverse heavily to the upside.
Im hoping 2.1 cents holds and we reverse heavily to the upside.
Note
2.1 cents target has been reached, completing the harmonic. Hopefully we can majorly reverse here.Note
2.1 cents held and we are now in Mid-term Bullish territory. I will continue to hold until at least 6-7 cents.
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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.