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Dow Jones Industrial Average Index
Short

Bearish US30 Butterfly Pattern

By SEYED98
Updated

Understanding the Pullback of US30 Butterfly Pattern

  • In the world of trading, understanding different chart patterns is crucial for making informed decisions. One such pattern is the butterfly pattern, which is currently evident in the US30 market. Traders have observed a pullback in the US30 butterfly pattern from level 1.276 to a lower level.


  • This pullback indicates a potential shift in market momentum, prompting traders to re-evaluate their positions and consider new trading strategies. The possible target of the seller butterfly is at the level 1 Fibonacci, which serves as a key support and resistance level.


  • Traders should closely monitor the price action around this level to gauge the strength of the selling/buying pressure and assess the potential for downward/upward trend.
Trade active
Tp1:37170
Tp2:36660
Trade closed: target reached
TP1 TOUCHED
Note
snapshot
Trade closed: target reached
38K
Trade active
snapshot
Trade closed: target reached
41.750 touched

Trade active
buy order
Note
44.74k: Target for buyers

pending Sell order
snapshot
ButterflyHarmonic Patterns
SEYED98

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