Weekly Analysis of UK100 Butterfly 🦋
Updated
the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.
In the context of financial markets, the phrase "pull back to last golden level and flying UK100 butterfly to next golden level at 8320" suggests a potential upward movement in the UK100 index, possibly after a period of consolidation or retracement.
Traders and investors may interpret this as a signal to anticipate a bullish momentum, aiming for a target level around 8320.
It highlights the importance of identifying key support and resistance levels, and the potential for significant price movements.
As with any market analysis, it's crucial to consider risk management strategies before making trading decisions at black circular region.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.
In the context of financial markets, the phrase "pull back to last golden level and flying UK100 butterfly to next golden level at 8320" suggests a potential upward movement in the UK100 index, possibly after a period of consolidation or retracement.
Traders and investors may interpret this as a signal to anticipate a bullish momentum, aiming for a target level around 8320.
It highlights the importance of identifying key support and resistance levels, and the potential for significant price movements.
As with any market analysis, it's crucial to consider risk management strategies before making trading decisions at black circular region.
Note
UK breaks triangle trend lineTrade closed: target reached
about golden levelNote
UK Rise up more after minor correction at butterfly resting level
Trade active
as i expected UK100 rise up after minor pullback from level 1.27second buy order is activated
Trade closed: target reached
8450Trade active
SELL ORDERTrade closed: target reached
8200Trade active
Note
Note
Trade active
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