This butterfly pattern has a perfect 78.6 retracement of the x to a leg.
Pattern completion at the 127.2 extention of the xa leg has a perfect 161.8 ratio confluence of the ab=cd.
there's not a lot of direct support but when looking further back there's resistance on the weekly timeframe.
Pattern completion at the 127.2 extention of the xa leg has a perfect 161.8 ratio confluence of the ab=cd.
there's not a lot of direct support but when looking further back there's resistance on the weekly timeframe.