The " Bearish Butterfly " it's close to completion and close to give us a clue weather it's going to reject the price or letting go, but nevertheless I do confirm this a nice edge to look for a short trade!
Setup Rules:
1. Harmonic Patterns Completion ( Bearish Butterfly@1.272XA) - 95% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/2.
"For all have sinned and fall short of the glory of God,
being justified freely by His grace through the redemption
that is in Christ Jesus."
NKJV Romans 3:23-24.
Setup Rules:
1. Harmonic Patterns Completion ( Bearish Butterfly@1.272XA) - 95% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/2.
"For all have sinned and fall short of the glory of God,
being justified freely by His grace through the redemption
that is in Christ Jesus."
NKJV Romans 3:23-24.