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BNB Butterfly Update - Validation and PRZ #1

515
https://www.tradingview.com/x/Bxi35vab/

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.


Nota
syot kilat
Nota
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
Nota
Watch for a bounce off 428.00. Also it could accelerate hard towards PRZ once the pattern is valid
Nota
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
Nota
syot kilat
Nota
Might be a Shark but too much uncertainty right now.

Failed Pattern
Nota
syot kilat

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