The A to B leg comes up above the required .786 of X to A *the bent wing*
B to C is about right and --- if it gets to D this leg is the most important at
1.272 of X to A. Plus, this will be a new high for the swing which is often
an additional validation -although not a new "all time" high -
sucks in the final bulls who think it's another leg up.
Requires small stops, so it might be worth a try if we get there.
Sharp reversals are a final clue you're on the right side.
{The butterflies buddy is GbpAud}
B to C is about right and --- if it gets to D this leg is the most important at
1.272 of X to A. Plus, this will be a new high for the swing which is often
an additional validation -although not a new "all time" high -
sucks in the final bulls who think it's another leg up.
Requires small stops, so it might be worth a try if we get there.
Sharp reversals are a final clue you're on the right side.
{The butterflies buddy is GbpAud}