Almost a Butterfly Lands At Resistance ???
But, lurking above is a BAT
**see chart below**
Anyway, A to B ratio comes up short enough to put this
Butterfly in doubt as I've noticed that the minimum required
.786 ratio is critical to a Butterflies positive probabilities.
It's worth a try this time with the 4hr resistance -
the .681 fib retracement - and the 1.168 fib ext
coalescing in the 104.50 area. For me this means
tighter stops for the lowest risk anticipating a
rather immediate reversal to confirm this idea.
Candlesticks may also help with stops
If not then the Bat may be the next target.
**see chart below**
Anyway, A to B ratio comes up short enough to put this
Butterfly in doubt as I've noticed that the minimum required
.786 ratio is critical to a Butterflies positive probabilities.
It's worth a try this time with the 4hr resistance -
the .681 fib retracement - and the 1.168 fib ext
coalescing in the 104.50 area. For me this means
tighter stops for the lowest risk anticipating a
rather immediate reversal to confirm this idea.
Candlesticks may also help with stops
If not then the Bat may be the next target.