TradingView
JohnConaway
Sep 20, 2018 8:54 PM

SPX Longer Term view Long

S&P 500SP

Description

Details on chart, Bullish until otherwise noted. Any pullbacks to point X may be a good time to add on this Butterfly.

Initial test then fail favors a full extension of the Butterfly to 1.618, which is an extension pattern, allowing for "regrouping" before continuation of existing trend. Even when complete I'd only see it reversing 38-50% of pattern (~point X to Point B).
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