The Incredible and the amusing Bearish Butterfly@1.272XA it's being created by the price perfectly.
Here is what I believe about this edge, the US30 has being in a big uptrend
and that can be possibly the reverse of the trend or just a retracement
and can create a big impulse so the price reach higher highs never thought by the human being,
but the Harmonic Pattern Butterfly that can really provide to us a great opportunity to make some pips,
that being said, let's go to the rules.
Rules:
1. Harmonic Patterns Completion " Bearish Butterfly@1.127XA " - 70% close to completion;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - Waiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
" The Lord confides in those who fear him,
he makes his covenant know to them.
My eyes are ever on the Lord,
for only he will release my feet from the snare".
Psalms 25 : 14-15
NIV
Comment:
Price it's now getting into the PRZ stay tune!