Weak Butterfly Pattern, American Eagle Energy Corp (AMZG), 60min
Another penny stock, today has been a very uneventful day in my Forex portfolio as you can tell.
Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very.
I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance around .16 and my limit all the way at .28 or the 1.618 extension of the BC leg. I will be following this all day and should expect completion by the time the US market closes tomorrow.
As always, don't forget to like comment and even follow if you really like it !
Thank you and good trading
Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very.
I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance around .16 and my limit all the way at .28 or the 1.618 extension of the BC leg. I will be following this all day and should expect completion by the time the US market closes tomorrow.
As always, don't forget to like comment and even follow if you really like it !
Thank you and good trading
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