$IO H3 Potential Bearish Butterfly Formation
• Possible bearish butterfly harmonic pattern formation with D-leg completion on 38% Fib level touch.
• Market above bullish NT.
• Market above EMAs, curving up teasing potential GX once buying pressure continues.
• Above POC and has broken 25% key resistance trendline.
• Currently touching strong resistance right now. Successful break will lead to the 24% Fib level entry.
• TFO still has not entered overbought zone meaning there is more room for upward push if given.
Key break points:
• $2.576
• $2.615
• $2.706
• $2.910
• $3.014