Bullish Butterfly and Bat Patterns on SPY (3H Timeframe)
Updated
🔍 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
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