VishalShah9

VishalShah9

Butterfly still in play 1) XB should be 0.786. Here we have 0.794 so I would accept it. Tick 2) AC should range between 0.392 to 0.886. Here it is 0.774. Tick 3) BD should range between 1.618 and 2.618. Here it is 2.128 . Not complete yet but Trending! 4) XB should range between 1.27 and 1.618. Here it is 1.493. Not complete yet but Trending! Let's see what...

VishalShah9

See the notes on the chart. Time of analysis 6-Jan-23; price is 3.645

VishalShah9

Appears to be completing a bullish butterfly. Albeit .794 instead of amust .786 for AC leg. I would be OK with that won't you? Leg D in process and could go as far down as 3. Let's see what happens.

VishalShah9

Presenting this $USOil short that may in place, if the price stays under $80. Gartley is now complete and a Barracuda is currently in play - taking the price down to just under $70. However on a weekly timeframe, we have the perfect AB (62 to 129) and CD (70 to 137) in place where the C point retracement was 0.886. So whiel the daily timeframe seems to show some...