Butterfly Pattern completion.
Short setup with target at the 0.214 retracement from the AD move or at the previous swing high (point X) and stop above. In this example I chose a 2.5:1 risk/reward.
Please have in mind that the trend is very strong. Guessing tops and bottoms is always much more risky than to wait for a significant reversal.
Short setup with target at the 0.214 retracement from the AD move or at the previous swing high (point X) and stop above. In this example I chose a 2.5:1 risk/reward.
Please have in mind that the trend is very strong. Guessing tops and bottoms is always much more risky than to wait for a significant reversal.