FX:SPX500   S&P 500 Index
300 2 4
Bearish Butterflys, Bearish Divergence... Bulls still look fairly strong but i think its worth a shot.. Good Luck :D
now that is an awesome picture :-) and nice chart!
Reply
Thanks buddy :D Butterflys are not my favorite harmonic pattern, with the X and B point giving support so close to the D point and no built in resistance like you get with a patter such as the bat pattern. However I like lunch time fade set ups after a clear morning push and the confluence of D points of course always holds more weight for me than a butterfly by itself ;)
+1 Reply
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