Reason to entry:
-Butterfly Pattern and bat pattern completion lineup each other
-fib confluence
-near oversold RSI
Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion / bat completion
Exit:
-38.2% retracement of butterfly
-61.8% retracement of butterfly
-38.2% retracement of bat
Void if:
-Failed pattern
-if price goes lower to triangle support area, best place to re-entry
Remember that market always right!
Manage your trade well!
-Butterfly Pattern and bat pattern completion lineup each other
-fib confluence
-near oversold RSI
Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion / bat completion
Exit:
-38.2% retracement of butterfly
-61.8% retracement of butterfly
-38.2% retracement of bat
Void if:
-Failed pattern
-if price goes lower to triangle support area, best place to re-entry
Remember that market always right!
Manage your trade well!
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.