ok so everything looking good so far with our (alleged) Butterfly. This is still NOT tradable at this point, the pattern is not valid until final leg "CD" falls l below "B" point of $428.00
PRZ #1 in expectation of, and in preparation for, a valid bullish Harmonic Butterfly Pattern:
< $315.00 Beginning of PRZ #1
<=> $290-$300 Convergence of 1.27XA and 1.618 BC projection
< $275.00 End of PRZ #1
Wait for a confirmed breakout and set up stop loss
I am not a financial or investment professional and do not provide financial advice.
Komen:
Komen:
I may be completely wrong on this one!
The daily chart has a much better Bat Pattern setup than the Butterfly on the 1 Hour chart. Monitor closely and wait for breakout before taking Long position. As this highlights I am inexperienced analyst and new to Harmonic Patterns.
This is not trade or investment advice, I am not a finance or investment professional
The daily chart has a much better Bat Pattern setup than the Butterfly on the 1 Hour chart. Monitor closely and wait for breakout before taking Long position. As this highlights I am inexperienced analyst and new to Harmonic Patterns.
This is not trade or investment advice, I am not a finance or investment professional
Komen:
Watch for a bounce off 428.00. Also it could accelerate hard towards PRZ once the pattern is valid
Komen:
Butterfly fails Deep Crab possible I am starting to buy (new post)
$450 (point "C" Deep Crab) holds as support
$435-440 stop loss orders
$428 (point "B" Butterfly) fails as support
$450 (point "C" Deep Crab) holds as support
$435-440 stop loss orders
$428 (point "B" Butterfly) fails as support
Komen:
Komen:
Might be a Shark but too much uncertainty right now.
Failed Pattern
Failed Pattern
Komen: