holeyprofit

Textbook Bearish Butterfly

Short
holeyprofit Updated   
BATS:TQQQ   ProShares UltraPro QQQ
Really nice example of a potential butterfly correction pattern.

D leg forming with ABCD inside of it.

Super parabolic into the PRZ.

Classic bear engulfing candles in the PRZ.

Usually when the harmonic is working here this slams really hard off the retest.
Comment:
Low broke. Bigger drop to come if we break the low again.

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.