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– Potential bullish butterfly emerging on the 4 hour time frame
– Could reverse off Zone 1 (previous demand zone 1) – in that case it wouldn’t be a valid butterfly.
– Reversing off Zone 2 (previous demand zone 2) would constitute a butterfly pattern.
Would look for price action (candlestick patterns or other reversal signs – possibly off lower time frames) at the 2 zones before initiating any position.