Butterfly completing at support. Long-term buy?
Bullish butterfly is completing in an area of support (lower bound of a channel established in late 2011).
Action:
Wait for a price to test butterfly completion point.
If RSI oversold, buy looking for a restest of channel's upper bound which had been a nice bouncing area back in early 2011 as well.
Action:
Wait for a price to test butterfly completion point.
If RSI oversold, buy looking for a restest of channel's upper bound which had been a nice bouncing area back in early 2011 as well.
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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.
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.