Get started

Bearish Butterfly

Trade Ideas Position: AUDUSD ButterflyHave I not warned that Australia Dollar is going to crash? This morning there is a big move, and this is a reminder to traders who are optimistic about Australia economy. The flash crash is just the beginning, the 1st wave which I had shared months ago that the significant drop will happen around 1 June 2020 give and take. The threat is real, and the crash happens when the market break and close below 0.6350 on the monthly chart. That would pave the path of AUDUSD to 0.5365, and it will most likely happen on 1 June 2023 give and take. I'm looking for an aggressive short
Short
by RaynLim
1
XAUUSD updateThe previous chart I shared on this instrument was the abc set-up that works pretty good most of the time. That being said, there is no kind of guarantee that price will move as mentioned. Always use equity stop losses that are realistic and ultimately at previous high or lows. Then manage the risk properly, use trailing stops or do soft profit taking at previous key support/resistance levels. The last abc setup that didn't go as expected, ended up as a potential harmonic bat pattern. This setup, which also did not go as expected, turned out to be a bearish butterfly pattern, by Larry Pesavento. This confirms the methodology I have shared for the particular abc setup, which is giving a short term bearish bias. Bearish divergence on hourly timeframes Strong rejection at D point, alot of bearish candles to confirms bearish strength. Meanwhile RSI strength is fading and showing signs of weakness. I am going to wait for a pullback and sell short for a quick scalp if price happens to find resistance below 1515 hoping for some extended targets at 127% or 162% XAD projections. More optimistic targets can be up to 262% projections. As always thank you for all the support, please keep it coming with a like and if you have any ideas make sure to leave them in the comments below Dont forget to check the related ideas below
FX:XAUUSDShort
by MikulovicFOREX
2
Bitcoin (Bearish Butterfly Idea) -Unlikely-Good afternoon, just an update on the potential Bearish Butterfly pattern if we run up to the 61.8% retrace before selling off. -Extremely Unlikely We hit our .382 and I have posts made on what could happen because of it along with the 50% and the 61.8% Retraces. Here's what could happen if we make a 78.6% retrace. For the Bearish Butterfly, (78.6% retrace only) we are looking for a sell off between the current price and the 88.6% retrace before that divergence plays out to the upside. Now if we hit a 78.6% retrace, it would be likely of us to run up to the 127.2% and 161.8% retrace for the pcz of the Bearish Butterfly. Posts will be updated. Currently finishing Wave B of the potential Harmonic, Cypher or Gartley in the makes. Join our Free Telegram Channel: t.me -or- Join our Open Facebook Page. Make sure to like and follow! :D www.facebook.com We just went live as of now on. Our premium channel is charging only $15 a month right now in consideration to a Black Friday Sales that last until December 31st. Prices after that will differ slightly. But again, we are only charging $15 a month down from our original price of $99 a month. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Feeling generous and wanting to show us love and support? Donation Options in (Crypto) are down below <3 commerce.coinbase.com
COINBASE:BTCUSD
by ChArtWorks_TechnicalArts
2
Apple Bearish ButterflyGood evening, Apple has been in a very very long term uptrend and we are getting severely overbought. We are also approaching areas of probable price reversal between the 1.414 and 1.618 fib extension. Entry is between $271.34 and at the safest potential entry at the 1.618 at $290.00 flat for a short. Stop is dependent on the entry, but with a $290.00 short entry, a stop would be placed for around an 8% loss ($313.00) to maintain the 1:3 risk/reward ratio. You may lower the stop if you'd like. Exit Targets are common retrace targets and at wave B of the Bearish Butterfly at $215.31. Join our Free Telegram Channel: t.me We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019. Subscription prices are $99 a month, $499 for 6 months and $999 for a year. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Don't let the prices scare you, we give TA free too! But the most benefits are in the Elite Channel. 50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else. Feeling generous and wanting to show us love and support? Donation addresses are listed below $Usdc: 0xe3b95b4575d6456D090ac24Ad4DC8D46C9c97b2C $Bitcoin: 3Jg9ng234aJdgz3zzt3iCyeb124eAmKs5N $Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599 $Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK $Xrp: rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg Tag: 2183371567 $Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48 $ChainLink: 0x559d92B08D72Fe20B0aF063ebE59ead6612c2b00 $Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU $Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144 $XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
NASDAQ:AAPL
by ChArtWorks_TechnicalArts
Bank of America Bearish Butterfly (Daily)Good evening ladies and gents, Bank of America Shorting opportunity here. Entry would be inside the pink box, (safest possible entry is at the top of the box at the 1.618 "$34.07" golden mean ratio. Stop set for slightly over 3% with a 10+% exit targets. You could take profit at B and also common retrace areas. Once a definitive swing is set, I will post exact common retrace targets. Join our Free Telegram Channel: t.me We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019. Subscription prices are $99 a month, $499 for 6 months and $999 for a year. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Don't let the prices scare you, we give TA free too! But the most benefits are in the Elite Channel. 50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else. Feeling generous and wanting to show us love and support? Donation addresses are listed below $Usdc: 0xe3b95b4575d6456D090ac24Ad4DC8D46C9c97b2C $Bitcoin: 3Jg9ng234aJdgz3zzt3iCyeb124eAmKs5N $Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599 $Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK $Xrp: rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg Tag: 2183371567 $Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48 $ChainLink: 0x559d92B08D72Fe20B0aF063ebE59ead6612c2b00 $Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU $Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144 $XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
NYSE:BACShort
by ChArtWorks_TechnicalArts
8
ALGO Overwhelming Bullish Indicators on the BTC PairThis is a position I took at wave C of the Bearish Butterfly at 2631 sats and ended up taking profit at the top of the Ascending Triangle at 3237 sats for about a 21-22%ish gain. I am looking for a potential reentry between the bottom of the Ascending Triangle or the PCZ of the potential Bullish Bat. That being said, the Bearish Butterfly PCZ takes us slightly below the common retrace zone. Buuut, the newly found Ascending Triangle takes us right in the zone for the measured move. Potential gains here are insane. You have broken out of a downtrend we've been in for the longest time on both the Linear and Log scale. This is something I have posted a little while ago too! <3
Long
by ChArtWorks_TechnicalArts