USDCADAs previously published, the price reached "the expected area", Butterfly "almost" ready to engage, however, I think there is something missing, AB=CD pattern ends slightly above, the 61.8% retracement also very close, price action printing higher lows and lower highs, looks like, or, probably one bullish pennant is being forged here...
*Keep an eye on this flyer...
Previous published idea:
BEARISH 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
Ratios:
Safe Trades;
open.spotify.com/track/3EICmI9QNviAUB17cT3HZz
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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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.