Is this Bearish Butterfly going to hold after it has confirmed to be valid? Before we push higher it is wise to look at the price action in PRZ of this Harmonic. Breaking off the bullish TL would give us more confidence to enter short for a correction of last impulse move before switching to long bias again imo. I have already entered an aggressive short from the PRZ. Second entry after more confirmations. Please leave comments if you want to discuss more options or share opinions.
Thank you and good luck as always!
Thank you and good luck as always!
Note
Important zone for another entry if break of this small support is confirmed on H1.
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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.