The bearish Butterfly pattern has completed at point D around the 3.20 zone, which aligns with the harmonic Fibonacci extensions (notably the 1.27 XA and 2.17 BC projections). This area acts as a Potential Reversal Zone (PRZ) where strong selling pressure often emerges. From this level, the expectation is for bearish momentum to take control, pushing price lower.
If the reversal holds, the downside targets can extend first toward the 2.80–2.60 region, and with stronger continuation, the move could reach as low as the 2.40–2.20 zone, completing the harmonic symmetry. However, if price breaks and sustains above X (around 3.40+), the bearish setup is invalidated.
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