Bearish Butterfly Type 2 Within Ascending Channel
Found that a valid Harmonic Pattern of Bearish Butterfly Type 2 Within Ascending Channel / Channel Up.
Bearish Butterfly identified as Point X confluence within RSI oversold.
Price retest / reverse at Type 1 within PRZ (orange) until Type 2.
After Type 2, price able to hit TP1 @ 0.382 AD, then consolidate, it is advised to look under lower timeframe such as 15m and use other indicator such RSI.
Bearish Butterfly identified as Point X confluence within RSI oversold.
Price retest / reverse at Type 1 within PRZ (orange) until Type 2.
After Type 2, price able to hit TP1 @ 0.382 AD, then consolidate, it is advised to look under lower timeframe such as 15m and use other indicator such RSI.
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