The butterfly can appear as a corrective pattern in a trend.
When it does, it's a two leg correction. The second leg is a false breakout of the first.
Being a harmonic, the final leg (D leg) is always the strongest.
When the butterfly serves as a corrective pattern, strong follow through can come.
In the times this works, we usually see the next swing extend 2.20 of the full range of the two leg correction (B-D legs).
When it does, it's a two leg correction. The second leg is a false breakout of the first.
Being a harmonic, the final leg (D leg) is always the strongest.
When the butterfly serves as a corrective pattern, strong follow through can come.
In the times this works, we usually see the next swing extend 2.20 of the full range of the two leg correction (B-D legs).
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.