We have a butterfly thats almost complete and a potential crab too if price doesn't respect the butterfly on the HTF (This could indicate a potential PRZ)
If we get reversal signals at either of these levels or in-between then we can be safe to take this short.
But for now momentum is still bullish on the LTF, we have BOS to the upside and a nice momentum trendline (Which is close to the D point of the butterfly, so im waiting for a break in momentum and BOS before potentially shorting this.
Let me know your thoughts?
If we get reversal signals at either of these levels or in-between then we can be safe to take this short.
But for now momentum is still bullish on the LTF, we have BOS to the upside and a nice momentum trendline (Which is close to the D point of the butterfly, so im waiting for a break in momentum and BOS before potentially shorting this.
Let me know your thoughts?