Bullish Butterfly Pattern (Daily)
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.