BANK OF INDIAמעודכן Bank of India : ButterFly Patter on Daily - Short
The analysis is only for educational purpose.
Butterfly Rules
Targets are determined as 0.382 and 0.618 Fibonacci retracement levels of the CD leg
Ideally Stops losses are placed a below or above the high or low of point X.
Weekly Chart shows Bullish engulfing candlestick as well.
T1: ~ 97
Butterfly Rules
- AB can retrace up to 78.6% of the XA leg - Condition satisfied
BC can retrace between 38.2% – 88.6% of AB Condition satisfied
CD can be an extension of 1.618% – 2.618% of AB Condition satisfied
CD can also be an extension of up to 1.272% – 1.618% of XA leg Condition satisfied
The point D is known as the PRZ or Potential Reversal Zone
Targets are determined as 0.382 and 0.618 Fibonacci retracement levels of the CD leg
Ideally Stops losses are placed a below or above the high or low of point X.
Weekly Chart shows Bullish engulfing candlestick as well.
T1: ~ 97
עסקה סגורה: היעד הושג
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.