Long
butterfly scenario
butterfly harmonic pattern:
AB=0.78 XA=$0.37
BC=0.88 AB=$0.0127
tp1=0.88 BC=$0.259
tp2=1.6 BC=$3
tp3=1.27 XA=$4
tp4=1.6 XA=$21.5
tp5=2.24 BC=$24.5
AB=0.78 XA=$0.37
BC=0.88 AB=$0.0127
tp1=0.88 BC=$0.259
tp2=1.6 BC=$3
tp3=1.27 XA=$4
tp4=1.6 XA=$21.5
tp5=2.24 BC=$24.5
Note
the E point could be at $0.0687 or $0.0926. $0.0926 is more likely.Note
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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.