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DaxiDriver
Sep 12, 2018 9:50 AM

Butterfly-Advanced-Formation Long

Germany 30OANDA

Description

Good morning Traders.
It's a Long.

Drive Safe.

thank you @Alexander_Nikitin for the charts. see link.
ps-software.net/learn-the-patterns/butterfly-advanced-formation


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Getting There

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Getting There

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Well Done Daxi

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Possibale Cypher Advenced formation build here ?


Lets hit TP 2 first. dont forget TP2 is great short term short position ...

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12400 is great resistance from back in 2015 ... i think we can complete this setup ...

Comments
mk_1301
Do you think we've missed TP2 and are heading to your short target of 11866?
DaxiDriver
@mk_1301, tp2 almost hit - need 2 remmber it's an area not a singal number ... the short idea baised on completeing the pattern which is canceled now ...
mk_1301
@DaxiDriver, I see, thanks!
mk_1301
Hi,

I've been looking through some of your past analyses and I have to say, excellent work!

Looking at the DAX now, it seems to have fallen to a support. Would it be a good time to enter a long now and aim for 12600? Or would it be better to let the formation complete and enter later?

Thanks in advance!
DaxiDriver
@mk_1301, thank you man. just added my view. lets see next week.
Jour
We made money :)
Jour
already :)
DaxiDriver
@Jour, nice ... lets hope ....
Jour
@DaxiDriver, there are facts, not hopes :)
DaxiDriver
@Jour, True :)
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