Bearish US30 Butterfly Pattern

Feb 26

Understanding the Pullback of US30 Butterfly Pattern

• In the world of trading, understanding different chart patterns is crucial for making informed decisions. One such pattern is the butterfly pattern, which is currently evident in the US30 market. Traders have observed a pullback in the US30 butterfly pattern from level 1.276 to a lower level.
  

• This pullback indicates a potential shift in market momentum, prompting traders to re-evaluate their positions and consider new trading strategies. The possible target of the seller butterfly is at the level 1 Fibonacci, which serves as a key support and resistance level.
  

• Traders should closely monitor the price action around this level to gauge the strength of the selling/buying pressure and assess the potential for downward/upward trend.
  

Apr 14

Trade active

Tp1:37170
Tp2:36660

Apr 19

Trade closed: target reached

TP1 TOUCHED

May 12

Note

Oct 27

Trade closed: target reached

38K

Oct 27

Trade active

Oct 31

Trade closed: target reached

41.750 touched

Oct 31

Trade active

buy order

Nov 11

Note

44.74k: Target for buyers

pending Sell order