Bullish Butterfly Pattern (Daily)
Updated
The Bulls have an opportunity to regain control from the Bears. Having entered on the right shoulder of the Bearish H&S pattern back on October 21st, the Bears have not quite hit their first target for the pattern.
The initial harmonic reaction to the Bullish Butterfly entry is a good sign for the Bulls, I would expect a retest of the entry before a further attempt to continue the Bullish move.
The initial harmonic reaction to the Bullish Butterfly entry is a good sign for the Bulls, I would expect a retest of the entry before a further attempt to continue the Bullish move.
Note
TP2 Reached, 50% of remaining long position closed.Note
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