I'm looking for an entry at the completion of a potential bearish butterfly.
My stoploss would be just a few ticks above the 1.618 extension. And I'm aiming for B as my first target (38.2% retracement) and a retest of the broken downward channel (61.8% retracement)
My stoploss would be just a few ticks above the 1.618 extension. And I'm aiming for B as my first target (38.2% retracement) and a retest of the broken downward channel (61.8% retracement)