Bullish Butterfly and Bat Patterns on SPY (3H Timeframe)
🔍 Overview:
Exciting bullish setups on SPY with both Butterfly and Bat harmonic patterns on the 3-hour chart! 📈 These patterns are showing strong potential for an upward move.
📉 Chart Analysis:
1️⃣ The Butterfly and Bat patterns suggest potential bullish reversals, with support holding around the $533.47 level.
2️⃣ These double harmonic patterns provide strong bullish confirmation, making this setup particularly compelling. 📊
🎯 Trade Setup:
Profit Target 1: $548.53 💰
Profit Target 2: $563.50 💸
Stop Loss: $533.47 🚨
📝 Why I'm Interested:
The combination of these two harmonic patterns strengthens the bullish outlook. 📈 These patterns often signal high-probability reversals, providing a great opportunity for a long trade.
The RVOL Average is supporting the creation of this patterns as well.
📅 Timeframe: Monitoring this setup on a 3-hour chart, which means keeping an eye on shorter-term price movements for optimal entry and exit points. ⏳
🔔 Stay Updated: Keep watching the price action and adjust your strategy as necessary. Let's capitalize on this opportunity! 🤑🚀
#SPY #BullishButterfly #BullishBat #HarmonicPatterns #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📈🚀
Exciting bullish setups on SPY with both Butterfly and Bat harmonic patterns on the 3-hour chart! 📈 These patterns are showing strong potential for an upward move.
📉 Chart Analysis:
1️⃣ The Butterfly and Bat patterns suggest potential bullish reversals, with support holding around the $533.47 level.
2️⃣ These double harmonic patterns provide strong bullish confirmation, making this setup particularly compelling. 📊
🎯 Trade Setup:
Profit Target 1: $548.53 💰
Profit Target 2: $563.50 💸
Stop Loss: $533.47 🚨
📝 Why I'm Interested:
The combination of these two harmonic patterns strengthens the bullish outlook. 📈 These patterns often signal high-probability reversals, providing a great opportunity for a long trade.
The RVOL Average is supporting the creation of this patterns as well.
📅 Timeframe: Monitoring this setup on a 3-hour chart, which means keeping an eye on shorter-term price movements for optimal entry and exit points. ⏳
🔔 Stay Updated: Keep watching the price action and adjust your strategy as necessary. Let's capitalize on this opportunity! 🤑🚀
#SPY #BullishButterfly #BullishBat #HarmonicPatterns #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📈🚀
Trade closed: target reached
Hit Target!!! 🎯 Congrats everyone 🤑✌️🤘🏻 While everyone was bearish we banked on the bullish move. feel free to scale down and aim for target 2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.