Early Days, needs to find support at a maximum of the 38.2% retracement of the move up at 132.68, which also forms a cluster with a 141% extension of the major swing down; If it goes much beyond this point or closes beyond the 141% then it is invalid...
Would like to get a second bite at the apple around 136 on the short side again... for a move that could go below the 132 level
Comments
dionvuletich
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just missed first target by <10pips - unlucky...
dionvuletich
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Co-mingling short butterfly target levels at 132.68 clustering with potential cypher pattern levels
There isn't much give here so if the C leg fails to hold the 141% level then this scenario is void