Hello again people, here we have a beautiful Bearish Butterfly Pattern In Formation,
the price is bout 80% to complete the PRZ and test the starting test the PRZ,
stay tune!
What I'm expecting here, the price should cross the resistance line making a false breakout and
complete the Butterfly, after that it should fall down!
Rules:
1. Harmonic Patterns Completion " Butterfly@1.127XA " - 80%;
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.
" So do not throw away your confidence; it will
be richly rewarded. You need to persevere so that
when you have done the will of God, you
will receive hat he has promised ".
the price is bout 80% to complete the PRZ and test the starting test the PRZ,
stay tune!
What I'm expecting here, the price should cross the resistance line making a false breakout and
complete the Butterfly, after that it should fall down!
Rules:
1. Harmonic Patterns Completion " Butterfly@1.127XA " - 80%;
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.
" So do not throw away your confidence; it will
be richly rewarded. You need to persevere so that
when you have done the will of God, you
will receive hat he has promised ".
Comment:
Harmonic Pattern is complete, and the Price it's in the PRZ, let's wait to see the test and possibly the confirmation to get short!