Winter Is Come ! W Butterfly Pattern ! Bye Bye 10K
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It's possible to even upgrade to 10900 and then fall
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If the price breaks down to 10715, we will fall down
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If the price is 10,900, we will go up
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Return to 8800
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This figure is correct
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How to Trade the Butterfly or Bat Patterns? Like all the other patterns, these patterns also have a support and resistance line. My strategy for trading these patterns is the same as my trading strategy with the other patterns. I consider the rules, but I always wait for a breakout. This is what I have always emphasized on.
For example, although it is said that Butterfly and Bat patterns are reversal patterns, I do not go against the trend when I see that these patterns are formed at the top of an uptrend. I wait for the market to break below the support line and then I go short.
Here below I am showing you an example. As you see a strong Butterfly pattern is formed on EUR/USD four hours chart, and finally it worked strongly as a reversal pattern and the price went down. However, in order to go short, we had to wait for the market to go down and break below the Butterfly support. The breakout occurs when a candlestick closes below the support line or above the resistance. The stop loss has to be placed above the candlestick which has broken below the support
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Do not cheat Badly, bad guys break down the lines of resistance and supremacy to dupe with ghastly moves to pretend to reach their goal of profits. Other lines of resistance and protection are not accurate Must be careful
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21 minutes ago Comment: Resistance 10980 1 minute ago Comment: 11074 HI just now Comment: I do not recommend shopping at all But if you lose 11074 you can buy I think we will go down to 10200 It is your decision