Bearish Butterflies Formations : choose your !
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 from now, we can forget the red one, but if prices go down, nothing is done ... so wait and see !
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 from now, we can forget the red one, but if prices go down, nothing is done ... so wait and see !