AdamHong
Short

JPN225:The Channel and the Bearish Butterfly Pattern

FX:JPN225   Nikkei 225 index of Japanese listed shares
5 months ago
The market is moving along the upward channel and the price has hit the up trendline .Meanwhile a bearish butterfly pattern is completing at about 17400 levels and coincidentally the D of the AB=CD pattern is also at this level.
So it is good to sell short at about 17410 levels when bearish candles appear.
SL:above 17576
TP1:the centerline of the channel-about 16980
TP2:the lower edge of the channel-about 16540
4 months ago
Trade active
4 months ago
Comment: TP1 reached.
4 months ago
Comment: TP2 reached.
yihett321
4 months ago
Good. I am looking forward to see what will happen.
Reply
AdamHong yihett321
4 months ago
Thanks for your attention.
Reply
moashiman
4 months ago
Thanks for sharing! Nice chart. I got the same target approximately.
Reply
AdamHong moashiman
4 months ago
thank you too.
Reply
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