jlg83

jlg83

Where are we and where are we going ? 1st solution : cream butterfly, waiting for D (above X) extension point at 1.272 of AB leg. 2nd solution : red one, waiting for C (between 0.382 of AB leg and A) then D (above X) extension point at 1.272 of AB leg. we'll see the PT 's after selecting the good butterfly. according to me (and me only) if prices go up starting...

jlg83

Same player shoot again, SL 0.7750

jlg83

risky but we have to pay to get in ... ;)

jlg83

and quite no comment : it can do it ;)))

jlg83

C point is only a 1.241 extension of XA leg instead of 1.272 but ... let see if we can reach D close to 113.40.

jlg83

C should be located between 1.272 and "1.413" of XA leg, and D at 0.786 of XC leg. of course, it's too early to speak about TP1, TP2, or SL ... let see the development of this formation.

jlg83

try to be Long to D then Short to TP1 and TP2

jlg83

And now, break is over ... direction TP2.

jlg83

Long to D, then short to TP1 and TP2 with SL above 1.3600

jlg83

Nice 1st wing of Butterfly Formation here, in a perfect channel most of all. For confirmation,next step, Short to C with at least 38.2% retracement of AB.

jlg83

Long to D then short to TP1 and TP2

jlg83

Long to D, then short to TP1 and TP2

jlg83

TP1 has been touched. SL adjusted to break heaven (D). next targett TP2 at 1278.76

jlg83 Updated 

Let's try Short till D, then Long.

jlg83 Updated 

Hi everyone, Please take care to this one ... C went very far and D may not excess B, that could invalidate the formation. Better see what happens in daily !

jlg83 Updated 

good reaction on 86.25. let see if we can reach D ... enjoy !

jlg83 Updated 

no comment ... go Butterfly, go !

jlg83

Long till D