1. we have trend line bounce on the daily as well as the 4 hour chart.
2. with that rejection it was at the .786 and as we know the .786 fib level is the first requirement for a bearish butterfly
3. we have green bars at resistance and we have blue bars as levels of support.
4. the bottom two supports align with .618 and .707 fib levels so we may have a nice support system to bounce us off into a bullish run to complete this harmonic.
2. with that rejection it was at the .786 and as we know the .786 fib level is the first requirement for a bearish butterfly
3. we have green bars at resistance and we have blue bars as levels of support.
4. the bottom two supports align with .618 and .707 fib levels so we may have a nice support system to bounce us off into a bullish run to complete this harmonic.