Bearish Butterfly Trend Reversal

15 Mar 2021

After completion of the bearish harmonic, trend reversal (at least short term) is imminent. Much of the reversal has already happened as of publishing this idea. However, I feel we still have plenty of downside potential until bulls really have an edge to re-enter. See the chart for targets at the fib nodes of 0.5, 0.618, and 0.786 for possible areas of re-entry.