Bullish Butterfly

19.142   Bullish Butterfly   593 Ticks   ATOMUSD

Bullish Butterfly statistically is a countertrend pattern, so its ideal location is in a down trend near support. It signifies start of correction or trend reversal. It may also appear at the end of higher timeframe correction of up trend. In such case this pattern may mean the end of correction and start of a new trend leg.

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