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 📈🚀
Butterflybull
Nasdaq: Bullish Butterfly Pattern Points to Potential Rally! 📈✨In the 4-hour timeframe, Nasdaq has formed a bullish butterfly pattern, signaling a strong buying opportunity. The price action also reveals a double bottom pattern, adding further confirmation to this bullish setup. Additionally, the RSI indicator indicates oversold conditions, suggesting an impending upward move.
Traders can take advantage of this setup with multiple take profit levels in mind. Keep an eye on targets at 14850, 14950, and 15050, as these levels could serve as significant resistance.
Get ready to ride the potential rally! 🚀💰
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From Macro To Micro - Top Down Bullish SetupBINANCE:ALICEUSDT
We had 1D Butterfly Setup which completes at the range of 1.40-1.45
After panic sell off on previous week because of Silicon Valley Bank, at the begining of the week the Sun arise among the clouds again and the price action proves it as well.
Now, we just need to stay strong and trade what we see on graphs.
If price accumulates toward the little yellow box we will wait to open position.
May the force be with you.
LINKUSDT PULLBACK TO NECKLINEThe price action presents a Butterfly Harmonic in process, in pullback to neckline of the Head and Shoulders formation. This micro consolidation seems to be forming a descending broadening wedge before the potential swing downward to complete the 2nd phase of the CB leg down. 14.6% of Fibonacci retracement target.