Almost a Butterfly Lands At Resistance ???
But, lurking above is a BAT
**see chart below**
Anyway, A to B ratio comes up short enough to put this
Butterfly in doubt as I've noticed that the minimum required
.786 ratio is critical to a Butterflies positive probabilities.
It's worth a try this time with the 4hr resistance -
the .681 fib retracement - and the 1.168 fib ext
coalescing in the 104.50 area. For me this means
tighter stops for the lowest risk anticipating a
rather immediate reversal to confirm this idea.
Candlesticks may also help with stops
If not then the Bat may be the next target.
**see chart below**
Anyway, A to B ratio comes up short enough to put this
Butterfly in doubt as I've noticed that the minimum required
.786 ratio is critical to a Butterflies positive probabilities.
It's worth a try this time with the 4hr resistance -
the .681 fib retracement - and the 1.168 fib ext
coalescing in the 104.50 area. For me this means
tighter stops for the lowest risk anticipating a
rather immediate reversal to confirm this idea.
Candlesticks may also help with stops
If not then the Bat may be the next target.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.