Details on chart, Bullish until otherwise noted. Any pullbacks to point X may be a good time to add on this Butterfly.
Initial test then fail favors a full extension of the Butterfly to 1.618, which is an extension pattern, allowing for "regrouping" before continuation of existing trend. Even when complete I'd only see it reversing 38-50% of pattern (~point X to Point B).
Initial test then fail favors a full extension of the Butterfly to 1.618, which is an extension pattern, allowing for "regrouping" before continuation of existing trend. Even when complete I'd only see it reversing 38-50% of pattern (~point X to Point B).
