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Butterfly

GBPAUD →Technical pullback, after which the growth will continueFX:GBPAUD forms a reversal pattern at the base and support of the lateral range of 1.86094. The implementation phase of the set-up leads to the strengthening of the currency pair to 1.88950. The technical pullback begins, which may reach the retest of SMA-200. The price is inside the range. From the support we see active price strengthening towards resistance. The strategy of trading inside the range is simple - it is worth to focus on the resistance and support of the flat. At the moment correction is forming, which may be directed towards 0.382 Fibo or to SMA-200, as we have an uptrend, these levels are the key for possible entry point. Support levels: 1.87738, SMA-200, 0.382 fibo Resistance levels: 1.88200, 1.89214 I expect the end of the technical pullback in the area of 1.87738-1.87450 with further strengthening of the currency pair to 1.89214 or to 1.90350. Sincerely R. Linda!
Long
by RLinda
15
Dollar Bias!My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern movement when it approaches its new resistance level. If you are looking for a counter-trend move, I've something for you. A Bearish Butterfly Pattern that seems to complete at 141.65; in order for this trading setup to complete, the candlesticks pattern must touch 141.51 within the next 2 candles, which means within 8 hours after the market opens. If you love what you are seeing, remember to follow my only account, raynlim
Long
by RaynLim
Tesla Crab Mode Is More Stronger than Butterfly Mode.the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern. Tesla Butterfly Can not Fly higher than golden level But Tesla Crab Can Fly higher than golden level easily. Also Technically We can Expect Bearish divergence at hourly Timeframe about golden level. Bullish divergence at Daily Timeframe about Crab Leg Level. This photo is taken from the link below. (cybertruck machine) electrek.co
NASDAQ:TSLA
by SEYED98
Bearish BAMM on the 3x Bearish Return IWM Bearish ETFThe 3x Bearish Return ETF for the IWM is currently showing Hidden Bearish Divergence on the weekly at the 55-week EMA, and it looks like if this Hidden Bearish Divergence plays out we will see the ETF fall below the B point and begin to accelerate its Bearish Wave Structure which would complete between the 1.272 and 1.618 Fibonacci extensions. This would mean that the IWM (The Russel 2000) itself would be rising. As a result of what I see here on the chart, I may consider buying puts on this ETF, Buying IWM Calls, or just overall getting more exposure to small caps and just taking this as an overall Macro Bullish Indicator.
AMEX:TZAShort
by RizeSenpai
Gold Update (Long)This is my 5th Update on my Short Gold Trade I posted last month from 2055. In that post I had mentioned levels to look for taking profits and levels to look for good bounces, we have reached one of those levels 1935. It's a strong support and we are currently making bull divs here. Which only means we should look for longs here. 1935 also falls on prz of Butterfly from the current top. As you all know DXY and XAU are very inversely correlated. That is how I was sure Gold would reverse as I DXY was forming a bottom over a month ago. This long also falls in line with the chart of DXY as it stands today. DXY has rallied from 100 to 103.9 and is at resistance. It should start facing difficulty to move higher from here. 104-105 are heavy resistance. Dxy has already formed bear divs on 4h I expect it to continue forming these divs and start some retrace to test Daily 34 and 21 EMAs at 102 and 101.5 DXY is also at PRZ of a crab and bat so a retrace is due for it which means a pump in Gold. NOTE: We have US CORE PCE price index being released tomorrow, a same as forecasted or higher will lead to short term boost in DXY which will push Gold. so, you may want to wait for that to be released before taking the setup. If the number comes lower DXY should go down and Gold should rise. I have provided links to all the past analysis for DXY and gold below the post.
OANDA:XAUUSDLong
by zakoraio
SPX analysis and predictionIn this post I will be making some projections and will also try to walk through the thought process to make those projections. Note: This is not Finacial Advice these projections are just some calculations based on the data we have currently, if the data changes, projections are likely to not play out. I am sure many of you might have already seen this rising wedge pattern on the chart on Weekly timeframe suggesting a drop in price over the coming weeks. But the thing with patterns is that they are subjective, and based on what your bias is you may see only certain types of patterns on the chart, that's why it important to remain neutral and look at the data objectively from all perspectives. Here are some other patterns which we can draw on the SPX. 1. Ascending Triangle about to break to the upside Symmetric Triangle is a pattern of indecision which is About to break to the upside So, we have three different patterns on the chart, one bullish, one bearish and one indecisive. We need a way to break the tie between patterns to find out which one has the higher probability of winning. Let's take help from indicators. I have added RSI on the weekly chart, here the picture starts to become slightly clear, we have RSI rising buy in a wedge which is a bearish structure and likely to breakdown over the coming weeks. Let's Zoom in a bit get a clearer picture, here is the chart on Daily TF I have added all the bearish divergences I see. Based on above analysis, the picture is becoming clearer, we have one bullish, one bearish pattern on the chart, but we also have one bearish pattern on RSI and several bearish divergences which makes probabilities in the favor of bearish pattern playing out higher. Now if we look at all the patterns, except the bearish pattern all other patterns have run out of room and are about to break out to the bullish side, which can create turbulences in the execution of the bearish patterns over coming days and weeks, but the divergences are in front of us ,there less and less people willing to buy at these levels , so if we start to move up a bit its likely to fall down fast. Now that we have established that the probability is higher for bearish side to play out let's make some measurements for targets. I have trend-based fib time to help us with times when the Pivots are likely to form, based on the theory pivots are likely to form, including and between .382 and .618 projections of the trend. I have also added two measurements of the Falling wedges we have one in green and another one in blue, the green measurement of green wedge falls at a remarkably interesting time (19th of June) and 5 days before that we have FOMC events which are known to create pivots. I have also added a trend line from the top which caught the previous bottom and the green measured move falls perfectly on that line. Now if the line holds, I am expecting only a temporary relief, and continuation downwards towards the second measured move due to the wedge in color blue. I have added two harmonic Structure which appear on both weekly and Daily Timeframes for the longer term measured move. PRZ of these structures falls precisely close to the measured move and the red trendline intersections. Now that we have long term movement captured, let's look at short term movements. We are forming a diamond pattern on Daily TF, this pattern has 50/50 change to break to either side, but if this pattern is formed after a move up, the probability is slightly higher for a break to the downside. I have added measured moves and tried to match it with the larger pattern (disjoint channel), this move intersection with time is also an interesting one as it falls on the weekend of 9th June and on the first day of next week ( 13th June ) we have CPI release. If you like my content, then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
OANDA:SPX500USD
by zakoraio
2
DXY short to mid-term analysis (Update)This post is an update to my original post few weeks ago where I presented the case for DXY bottoming out. Following is the link to that, please go through it to understand the context. On Thursday DXY closed above 34( Red )EMA, on the daily, as mentioned in previous post, it a sign of strength and possible breakout, and we did breakout the following day and closed much higher. I expect this breakout to hold, and the rally should continue for a while. We can come down and flirt with 13( Green ) and 21( Blue ) EMA's again, this happens until 13 and 21 EMA's start moving up and crosses above 34 EMA, when that happens and sustains for few days, that's the confirmation of bull run and that's the most likely scenario. Fundamentally also, we have reasons for Dollar gaining strength in short to midterm, mostly because of Hawkish Fed and no intention of stopping rate hikes in the coming months, with each upcoming rate hike DXY should keep pushing higher. We also have indications of a stronger than originally expected US economy and decreasing unemployment as contributing factors adding to DXY's strength. Now talking about targets, The Boxes in my chart are very strong S/R zones going back months and years. So, the next zone of mid-size resistance for DXY is 103 price level, where I expect some retrace, then the big one is 104 which may cause a pause in the rally and some consolidation for big retrace. If you like my content then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
CAPITALCOM:DXY
by zakoraio
MSFT Swing ShortWe have several bear divs on RSI. The whole move up from 274 to current high will be reversed as it happened on Decelerating volume. We have also tapped the PRZ of butterfly after filling the Gap at 312. The PRZ of the butterfly has a large zone of reversal, that's why SL is slightly large for this move. Based on your risk appetite, you can either wait for a better entry or size your positions as per the SL , but we are at proper place to look for selling/Shorting opportunities here. If you like my content then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
NASDAQ:MSFTShort
by zakoraio