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Bullish Butterfly

High Probability SHORT on the Daily for a Bullish Butterfly ConfIt seems we have a good setup here for 2 trades. The first is a SHORT and the second is a LONG, after the harmonic pattern confirmation. This seems to be a very high probability trade on the Daily for Twitter Inc, where price action has reached a significant resistance area and point in the structure, at the top of the channel/trendline, where a very high probability of a retracement will occur and a good signal for entry to a SHORT at the breakout of structure. My elliott wave count currently shows a Wave 5 in progress on the Intermediate period, where Wave 5 exit/target would be at around $9.64. Current position of Wave 5 seems to around the 30% mark, so there is significant profit to be made by SHORTING this stock once the breakout signal is shown by the Price action. TDI not only shows massively Overbought position, but we have what is no doubt a Sharkfin out of the water with blood around it, signaling a very high probability of a SHORT as well. In my opinion, there is a good opportunity to Enter into a SHORT on this stock and trade it to the bottom of the Wave 5 Intermediate. Once that is reached, we should have confirmed a Bullish Butterfly Harmonic Pattern, which would then provide a good signal for a LONG entry to trade the Corrective ABC waves. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NYSE:TWTRShort
by UnknownUnicorn661419
Overall Bullish trend to complete a wave 3 with butterfly entryIt seems we have an overall LONG on a BULLISH trend for a Wave 3 completion. There is also a possible Bullish Butterfly pattern available in the Hourly chart to use as an Entry point on this stock. All EMAs show Bullish trend confirmation with TDI also giving previous overbought signal confirmation on the potential Bullish Butterfly about to form. In my opinion this stock is headed for much more bullish trend for at least another year until it reaches the upper channel trendline, where a Wave 4 correction/consolidation will form before another Impulse wave 5 will continue the upward trend. With this stock, the only way is up. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:AAPLLong
by UnknownUnicorn661419
EUR/GBP - Pattern ConfluenceWhat's up everyone, here we have EUR/GBP with a bullish butterfly pattern inside of a bullish AB=CD pattern on the 4h chart. I'd like to thank my good mate www.tradingview.com for spotting this setup. This is an excellent trading opportunity with over 1:4 risk to reward. The D point of both patterns complete at 0.81500, this has proven to be a crucial turning point in the market. Time completion of the AB=CD is off but the setup as a whole looks great. If you want more trading inspiration, follow me on social media :)
Long
by LewisGlasgow
4
GBP/JPY - Bullish ButterflyThere are some amazing setups forming on the charts, here we have GBP/JPY on the 4h chart with a potential bullish butterfly pattern. Excellent opportunity with over 1:4 risk to reward! The measurements for a valid butterfly pattern are detailed below. B: 0.786 C: 0.382 - 0.886 D: 1.618 - 2.24 X to D: 1.272 I'll be looking for additional analysis once price approaches the potential reversal zone. I hope you all have a great week of trading :)
Long
by LewisGlasgow
6
AUDJPY 240 Bullish ButterflyHello there, My appology if your eyes are hurting, just focus on the dark blue lines in case of an overload. I expect price to reverse between the two dark dashed horizontal lines, so in between a buy order will be placed should this pattern remain valid. As you can see a 61.8% fib level resides closely to the surface in this zone, just slightly under this fib level @ 85.360 lies the pivot S3 line which I have chosen as a potential entry. Should price close in to this aera it will be worth seeing if this entry should be adjusted or not. I advice you try to buy this one low as you won't have too much room to the upside. The profit target will be B of the pattern. It might be an idea to draw these blue lines on your own chart and wait for price to touch it before buying as price has a tendency to bounce off them. Thanks for stopping by and feel free to give feedback or your own take on this.
Long
by dinnersticks