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LinkBack (5) | Thread Tools | Search this Thread | Display Modes | Language |
10-20-2007, 08:41 AM
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DJIA - Bearish Butterfly Pattern
hi, i'm a newbie ...
i found interesting pattern on DJIA chart. please comment ... more about butterfly pattern : http://www.harmonictrader.com/price_patternsbfly.htm regards, Last edited by m4573r; 10-20-2007 at 08:50 AM. Reason: adding link 
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10-20-2007, 10:43 AM
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Re: DJIA - Bearish Butterfly Pattern
I'd never heard of that particular pattern before, but what you've outlined isn't consistent with what is outlined on the site you gave for a bearish "butterfly" pattern. You've still got higher highs and higher lows here. If there was a confirmed break of the CURRENT price level (as it has just now come down to a support area) then I would be bearish. I'm currently still long these markets, though.
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10-20-2007, 12:07 PM
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Re: DJIA - Bearish Butterfly Pattern
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11-02-2007, 01:20 AM
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Re: DJIA - Bearish Butterfly Pattern
I see a three dimensional triangle, not a butterfly
 On a serious note, what kind of technical targets are possible with a pattern like this?
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LinkBacks (?)
LinkBack to this Thread: http://www.traderslaboratory.com/forums/f2/djia-bearish-butterfly-pattern-2689.html
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