WILL THE BULLISH BUTTERFLY FAIL ?
THE ABCD OF THE BUTTERFLY IS NOW AB=1.618CD .
IF PRICE DID NOT REVERSE UP FROM THAT LEVEL THE BUTTERFLY WILL BE FAILED AND THE LONG POSITION SHOULD BE REVERED AS THE PRICE IS GOING TO BREAK BELOW A MAJOR DAILY TREND LINE
IF PRICE DID NOT REVERSE UP FROM THAT LEVEL THE BUTTERFLY WILL BE FAILED AND THE LONG POSITION SHOULD BE REVERED AS THE PRICE IS GOING TO BREAK BELOW A MAJOR DAILY TREND LINE
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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.