We have a beautiful Butterfly pattern which started from February 6th, 2019 and ended to January 3rd, 2020.
We reached our first target to the neckline (TARGET 1 at 50% Fibonacci). We should get a correction before going to our second target at ~0.45$ (TARGET 2 at 100% Fibonacci).
I think we should hit our third and last target at ~0.67$ (TARGET 3 at 161.80% Fibonacci) before or during this spring 2020.
Usually a Butterfly pattern hits 161.80% of the Fibonacci before a good correction (fill again our bags).
harmonic is the most reliable patterns, thank you !
we hope for an update
Stay2See
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You were right about everything, not that is 0.42 again, what do you think will happen?will it overpass 0.6 again and go higher ?
Horus83
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@Stay2See, Correction is normal and healthy (around 38.2% right now) to avoid a blow-off top. Volume is still there and I don't notice yet a bearish divergence so we should go higher.
we hope for an update