BR
BruceM
Rep: 216,211
Posts: 19,895
13.75 - 11.50 is highest volumebar...we don't want to get below there again or 903 is coming I think
VO
VOwater
Rep: 133
Posts: 4,121
Bruce the butterfly is a topping/bottoming pattern generally and targets the whole move to the A point, which in our case is the low 40's...go to last nights chart thread where I posted the chart. And yes its no different than any other pattern - it will fail. I would not give up on it until we take out the lod and then maybe a little more.
KO
koolblue
Rep: 48,651
Posts: 16,032
ILL BE COLLESTING SOCIAL SECURITY BY THE TIME... OH THATS RIGHT ,THFED ALREADY LOANED IT OUT! NEVER MIND!
VO
VOwater
Rep: 133
Posts: 4,121
the 60m tells me it wants the lod and then some...we can hope for a failed low