Sive Morten
Special Consultant to the FPA
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Hi Sive,
Would you be so kind in giving us your valious opinion regarding the possible DROP Sell and Butterfly Sell on Daily USDCHF?
My possible profit target is .618 Butterfly target at .9748 and 61.8% Fib Expansion at .9736 agreement, also .9737 Monthly Pivot (pink line)... all enclosed on blue rectangle...
Your input is highly appreciate it...
Thank you...!!!
Well, this is not a butterfly pattern, because you need strong move in opposite direction before butterfly starts.
About DRPO, personally, I do not take this, because trhust is not sufficient to call it DRPO, too much consolidation between tops.
I think that here is only one thing that can be applied to current situation on CHF. This is AB-CD pattern.