The Bulls have an opportunity to regain control from the Bears. Having entered on the right shoulder of the Bearish H&S pattern back on October 21st, the Bears have not quite hit their first target for the pattern.
The initial harmonic reaction to the Bullish Butterfly entry is a good sign for the Bulls, I would expect a retest of the entry before a further attempt to continue the Bullish move.
The initial harmonic reaction to the Bullish Butterfly entry is a good sign for the Bulls, I would expect a retest of the entry before a further attempt to continue the Bullish move.
Comment:
TP2 Reached, 50% of remaining long position closed.
Comment:
