Hope, Fear & Greed all played into most recent events .......so that's what I put it down to! Missed the somewhat dodgy "Inverted Head & Shoulders" but nonetheless it hit its target bang on £3475. Looking for next target to be as result of the Diamond Half Staff £3711 but will probably exceed this and get closer to R3? http://thepatternsite.com/diamondt.html
After reaching the maximum target for the previous butterfly pattern (1.618 from XA),Stoch RSI value is 100,RSI value 81.77,price action indicates several take profit transactions ,all indications reflects an upcoming correction ,we'll wait to see the correction pattern first before opening any new positions.
Clear butterfly pattern with almost perfect ratios,targets are confirmed from (XA)127 Fibo extension and (BC) 224 Fibo extension at 3300 as a first target,the price action is strong so we can be heading to 161% from (XA) ,buying long targeting 3300 ,after that we'll see the potential of longer targets.