After a successful but a little bit ugly Gartley fib harmonic that lead to a rejection from 78.6% of XA, we can draw the first half of a butterfly.
Bouncing anywhere above 88.6% retrace of points AB suggests a coming rejection from 127.2% to 161.8% retrace of XA.
In case of that bounce, then that rejection in that extended fib zone of XA, we could then expect a retrace that is about 50% of points AD.
Bouncing anywhere above 88.6% retrace of points AB suggests a coming rejection from 127.2% to 161.8% retrace of XA.
In case of that bounce, then that rejection in that extended fib zone of XA, we could then expect a retrace that is about 50% of points AD.