Butterfly Into Resistance/.382 Fib Short ???
This idea came from looking at a chart from DavidTowson;
tradingview.com/v/JXv0KBWn/
However, I think the full fib ext of 1.272 for Pt D offers a better
harmonic/symmetrical opportunity than David suggests
and lowers the risk to know if a larger correction -
perhaps to the .500/618 fib is what the market wants to trace out.
Thus, to me, this seems the 1st/best opportunity to short a trend continuation.
{{I bet they love it on this site when there are battling chart}}
tradingview.com/v/JXv0KBWn/
However, I think the full fib ext of 1.272 for Pt D offers a better
harmonic/symmetrical opportunity than David suggests
and lowers the risk to know if a larger correction -
perhaps to the .500/618 fib is what the market wants to trace out.
Thus, to me, this seems the 1st/best opportunity to short a trend continuation.
{{I bet they love it on this site when there are battling chart}}
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