The previous idea shows a bullish butterfly which could push price into the bearish harmonic butterfly as shown in this idea.
The three lines at the entry point are as follows.
127% AB=CD Measurement.
224% BC Projection.
127% XA Measurement.
If you are further interested in harmonic patterns please refer to Scott carney's work.
The three lines at the entry point are as follows.
127% AB=CD Measurement.
224% BC Projection.
127% XA Measurement.
If you are further interested in harmonic patterns please refer to Scott carney's work.