Pattern: Bearish Harmonic Butterfly
Entry: ~$3,238
Stop Loss: Above $3,330
Take Profit Target: $3,020 (next major support level)
• Price action is stalling near the PRZ of the pattern.
• The next logical support level is around $3,020, making it a compelling downside target.
Caveats:
• Strong macro tailwinds or news shocks could push price through the stop zone.
• Keep an eye on USD strength, real yields, and the tariff news.
Entry: ~$3,238
Stop Loss: Above $3,330
Take Profit Target: $3,020 (next major support level)
• Price action is stalling near the PRZ of the pattern.
• The next logical support level is around $3,020, making it a compelling downside target.
Caveats:
• Strong macro tailwinds or news shocks could push price through the stop zone.
• Keep an eye on USD strength, real yields, and the tariff news.
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.
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.