208 views
Infy may complete XABCD pattern which is completing on 1460 and creating breakout form of P pattern on volume profile .The near term target is 1350
and 1380 final target is 1460. Stop loss is 1300.
and 1380 final target is 1460. Stop loss is 1300.
Comment:
Target 1 achived
Comments
One more Point ,1st D point cross 2nd X Point ll be cross ,Then only Normal crab ll be create
Reply
@TCS9758, I took X point at 1310 rather than 1387 because there tis retracement of 0.382 on fibo level that void the butterfly pattern .So all the fibo level were matching along with volume profile from 1310 .
Reply
@TCS9758, If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consquently, if move BC is .886 of move AB, then CD should extend 2.618 of move BC.
Its Butterfly pattern created by Bryce Gilmore.
Its Butterfly pattern created by Bryce Gilmore.
Reply