Bullish Butterfly (1H)
Aggiornato
Forming after the rejection off the Daily Bearish Butterfly entry, the Bullish Butterfly on the 1H time frame manged to hit TP1 off the intial reaction.
All the Harmonic patterns I trade require a minimum of an AB=CD pattern present in their structure to be valid.
The AB=CD of this Butterfly is represented by the Purple 100% line on the chart. When price retested the entry it managed to breach the AB=CD validating the Butterfly and then finding support at the exteme 261.8% BC projection of the pattern.
This retest formed the CD leg of the 4H Bullish Gartley.
All the Harmonic patterns I trade require a minimum of an AB=CD pattern present in their structure to be valid.
The AB=CD of this Butterfly is represented by the Purple 100% line on the chart. When price retested the entry it managed to breach the AB=CD validating the Butterfly and then finding support at the exteme 261.8% BC projection of the pattern.
This retest formed the CD leg of the 4H Bullish Gartley.
Trade chiuso: obiettivo raggiunto
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.