I don't generally track patterns such as butterfly's but this one seemed to standout to me, with the coordinates matching up quite well with our fibonacci levels.
Although a bit extreme, the butterfly is showing us a potential upside of 15-20% before reversing it all back down.
This will be something for me to keep in mind moving into the rate cuts, a potential sell the news event.
Let's see how it plays out.
Although a bit extreme, the butterfly is showing us a potential upside of 15-20% before reversing it all back down.
This will be something for me to keep in mind moving into the rate cuts, a potential sell the news event.
Let's see how it plays out.
Note
Would love to see us take the high with a swing failure pattern before a dropNote
Getting some bearish signs starting to show Order cancelled
Trump Pump, market has been moving sideways for too long for the harmonic to be valid 
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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.