Notations on chart.
Basically it is possible that we now with the Bullish Butterfly have an end of 5 waves down
Or
We could still see another abc (alt 3,4 & 5) up and then the last 5 waves down.
If a top then an ABC up. Conformation of BROKEN ARROW comes when we see a LH being set in.
We might have see the top, but we still need confirmation - a LH will give us that.
Fear not - Trade what you see!
BLawrenceM
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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.