Bullish Butterfly (D)

The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.

Price has been rejected multiple times at the Butterfly entry line (127.2% XA) and at the 224% BC projection.

Although the 224% BC projection aligns closely with the 127.2% XA extension, price may potentially push higher to the extreme 261.8% of BC before the move to the downside occurs.