AUDCADABC correction with a double bottom, a neck to break, the price should find some resistance and start to pull back into the 61.8% retracement zone and there, the market should forge an entry. (bullish rsi divergence on oversold condition for instance) *
However, find comfortable situations that allow us to enter the bullish momentum is where the focus point.
BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC
261% ext BC
Targets:
TP1 61.8% CD
TP2 127% CD
Safe Trades;
open.spotify.com/track/7s8XtwnOLRlv4CHQosY55M
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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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.
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
Related publications
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.