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Potential Butterfly 🦋

247
US30 - Price is currently in a strong demand zone but looks like its going to break the DL and continue down to the D point of the butterfly (The next demand zone).

I will be looking for reversals in this current zone, but with todays sell off in the stock market im not to hopeful, price just keeps smashing through demand zones with very little pullback, lots of fakeouts today.

Let me know your thoughts!

* Disclaimer **

These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.

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