Disliked{quote} It looks like the sellers are in charge and I would not seek anything long.Ignored
I am confused, will appreciate if you can clarify this-
In the pic its a nice looking bull butterfly pattern, forming at the top of an uptrend. Yea, I can see that at this instance, the order flow is bearish, so in this way most of the standard harmonic pattern will get disqualified from trading isn't? Specially butterfly and crab pattern cause D is crossing beyond the X.
- So does it mean that the standard harmonic pattern and order flow contradict each other?
- Or after a Harmonic pattern forms, we need to wait for the order flow to go in our favour so as to enter, most likely the price will already be gone from PRZ
Sorry, it might sound like dumb question, but please bear me.
Thanks
Hoved