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Butterfly

EURUSD - Bullish Pullback Trade - Why Is This DB Invalid?Last week we took a look at the EURUSD & had shorts on the radar. Now that those shorts have played out, we're once again looking for the next opportunity to get long. In this video we'll look at a potential pullback trade with a large continuation potential as well as a lesson on what validates or invalidates certain double tops & bottoms for me. Please leave any questions or comments that you may have below & make sure you hit that LIKE BUTTON before heading out. Akil
Long
by Akil_Stokes
IOTA: Bearish Butterfly is setting upIOTA has had a really nice run up in price recently which has lead to it missing a number of central pivots (2 daily / 1 weekly) which lead me to take a closer look. When I did I saw that I dragged a fib and saw price react off the 78.6% level which looks to be like B in and ABCD of a Butterfly. The Butterfly could turn at 1.272 or 1.618 extension, once price gets there I will be looking to short price back down to the missed weekly. I will update once price is in the shorting zone.
BITFINEX:IOTUSDShort
by Gmanns777
1
Verge & Pornhub News = Completion of Bearish ButterflyWas it the pattern that caused the price drop yesterday or the news?? this is the question that is super interesting to me. If you plotted the fib on this chart and price made a B at or very near to 78.6% level and then we got a C between .382 & .236 we can then expect price to complete the butterfly and get up to 1.272 or 1.618 extension. In this case price shot up to 1.272 and then crashed... but was it as I believe the pattern leading price, or was it as others believe news affecting price or is it a combination of the two. Interested to hear what you guys think.
XShort
by Gmanns777
2