Unfortunately, these patterns don't confirm in the same manner as HS or double tops, etc. I prefer to identify where there could be problems or roadblocks or stickiness...
claydoctor
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But Iron ore down so much....?
KLang
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This is why I do charts, so I don't have to think about other stuff. Besides, it's my understanding the JOY is far more related to metals than CAT
claydoctor
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so for this butterfly, what number(s) would confirm (problems, roadblocks, stickiness) ? CAT is such a huge factor and player for all markets.
claydoctor
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Yes to JOY. Copper up, steel down, go figure. Just such a sideways trend right now.