Butter...fly in the... SPY
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.
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