Description
⋅ Nice bullish butterfly harmonic, numbers check out.
Pattern was closed with a hammer and followed by a reversal doji.
Oversold bullish srsi crossover and rsi turning upward.
Somewhere between 3800-4600 seems likely should the sellers decide not to start selling, that should be played by ear.
Stoploss below 3150+-20 at this point.
If this reversal fails, another 50% drop seems likely in the coming months.
This is a pure technical reversal and is subject to fundamentals coming into play at any time.
Volume should be considered heavily.
Bearish Harmonics.. Break down coming soon. Closed trade and will reopen lower