USOIL 1 Month Bullish Butterfly Harmonic Trade Setup
Updated
Hi all,
That is not investment advise,
As you can see on 1 month chart falling wedge and ABCDE traingle correction.
Bullish butterfly target is so close to 22.48 strong support.
End of the butterfly as you can see strong support on 22.48
Accumilation on 22.48
1.27AB=CD is most important for buttterfly harmonic
About the PRZ
1) When the price reached the D point a.k.a end of the butterfly, Price reacts fast reversal response is most common.. Butterfly is so sensitive pattern attention for volatility
2) PRZ reversal price action immediately at pattern completion
3) 1.27AB=CD is requirement for valid butterfly (that is reached..)
4) Reaction end of the D point the price can pull it back or not that is not strict rule
you have to know evaluate this analysis period is 1 month each bar is 1 month..
Oil is very important in terms of the new financial history after the recession
Good luck.
Harmonic Trader.
That is not investment advise,
As you can see on 1 month chart falling wedge and ABCDE traingle correction.
Bullish butterfly target is so close to 22.48 strong support.
End of the butterfly as you can see strong support on 22.48
Accumilation on 22.48
1.27AB=CD is most important for buttterfly harmonic
About the PRZ
1) When the price reached the D point a.k.a end of the butterfly, Price reacts fast reversal response is most common.. Butterfly is so sensitive pattern attention for volatility
2) PRZ reversal price action immediately at pattern completion
3) 1.27AB=CD is requirement for valid butterfly (that is reached..)
4) Reaction end of the D point the price can pull it back or not that is not strict rule
you have to know evaluate this analysis period is 1 month each bar is 1 month..
Oil is very important in terms of the new financial history after the recession
Good luck.
Harmonic Trader.
Trade closed: target reached
waiting for bullish sequenceTrade active
Trade is active for bullish sequence
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.