Potential Butterfly pattern could extend further Warnings: Wide range bars completing D leg
Validity: Completion point near previous gap my experience closed gaps act as support / resistance zones. Market has been in a steady uptrend.
Warnings:
Look for wide range bars completing the D leg (could extend further
Market has been in a strong uptrend (keep contract size small)
If your trading using nadex as broker be aware of the time the pattern forms you want to have enough time to reach targets
Warnings:
Look for wide range bars completing the D leg (could extend further)
Market has been in a strong uptrend (keep contract size small)
If your trading using nadex as broker be aware of the time the pattern forms you want to have enough time to reach targets
交易進行
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Aggressive traders enter at 414 and adjust fib ratios / targets accordingly
評論
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Trade entered at 1.618 extension happy trading
評論
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Target 1 reached lower your stops to break-even and continue on a risk free trade
交易結束：目標達成
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評論
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If you still have contracts going sell 90% of them. Then let the rest run with a break even stop loss, for the potential of higher profits. The market has a steady consistent uptrend.