Auropharma made a new low @577-578 since Oct 2016. It was an amazing journey which started from 895 -in the update "is this the end". Short term Bat's curse on auropharma made it fall to 577-578 -which went passed our 2nd target zone of 580-585 as suggested in the update.
Update - Bat's Shadow in the PRZ 620-630
Update - Turning into reality from 895 to 580
Update - Top@895 - is this the end- did you press the panic button
Auropharma crashes - we were at the top at 625 some time back & fortunate to sell.
Comments
VPS
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VPS
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Is this a bullish butterfly? (For study purpose, not for trading.)
WaveTalks
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@VPS, 1.27 extension XA ( the most important) which gives D point - in your case D point has far exceeded 1.27 but still this can be a possibility as BC extension 2.24 & 1.27 XA gives a big range of PRZ so cannot eliminate & has a possibility.
WaveTalks
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@VPS, Also, I did not check AB should not retrace 78.6% of XA move -in your case AB retraces 94% of XA - so, invalidates the structure or not a valid bullish butterfly.
WaveTalks
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@AbhishekHSinghCMT, Sorry for typo above - AB should retrace 78.6% of XA- leg which is also important in Bullish Butterfly along with 1.27 extension of XA which gives D-point.