$TON H2 Potential Bearish Butterfly Formation
• Moving to a higher frame, this is another confluence that I've seen for possibility of its market making upward movement.
• Possible bearish butterfly harmonic pattern formation with D-leg completion on 127% extended Fib level touch.
• Market has been consolidating and hovering on its VAL, just sticking within the bearish NT.
• Pulling a Fib retracement from previous HH to latest local LL, crucial for market to enter the 38% Fib level for a momentum to enter the golden zone and make a POC break.
• Market made two perfect separate bounces from its 75% key support trendline.
• TFO curving up from the previous fake out it made trying to reenter neutral zone from oversold status.
Key break points to WOF:
• $6.2686
• $6.3582
• $6.3988
• $6.6832
• $6.8979