the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.
In the context of financial markets, the phrase "pull back to last golden level and flying UK100 butterfly to next golden level at 8320" suggests a potential upward movement in the UK100 index, possibly after a period of consolidation or retracement.
Traders and investors may interpret this as a signal to anticipate a bullish momentum, aiming for a target level around 8320.
It highlights the importance of identifying key support and resistance levels, and the potential for significant price movements.
As with any market analysis, it's crucial to consider risk management strategies before making trading decisions at black circular region.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.
In the context of financial markets, the phrase "pull back to last golden level and flying UK100 butterfly to next golden level at 8320" suggests a potential upward movement in the UK100 index, possibly after a period of consolidation or retracement.
Traders and investors may interpret this as a signal to anticipate a bullish momentum, aiming for a target level around 8320.
It highlights the importance of identifying key support and resistance levels, and the potential for significant price movements.
As with any market analysis, it's crucial to consider risk management strategies before making trading decisions at black circular region.
Comment:
UK breaks triangle trend line
Trade closed: target reached:
about golden level
Comment:
UK Rise up more after minor correction at butterfly resting level
UK Rise up more after minor correction at butterfly resting level
Fibonacci ratios are one of the most powerful and easiest trading tools in your investor’s toolbox. It provides excellent guidance for when a trend will end and reverse course.
GOOD LUCK.
SEYED.
GOOD LUCK.
SEYED.