Butterfly
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.
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Butterfly Harmonic Reversal + Complete Elliot Wave CorrectionSee Chart.
Lots of reasons to be cautious about remaining short.
The 26 day kihon suchi cycle - measurement shows 27 only b/c the count starts with 1, not 0 - is very prominent w/ this crypto.
Bullish Butterfly Pattern retestA Bullish Butterfly Pattern retest give traders who were looking for buying opportunity to engage the trade. What I like about this setup is that a clear RSI Divergence is within the butterfly pattern
SOFI: Bullish Head and Shoulders at a Bullish Butterfly PCZSOFI is currently trading and forming a Bullish Head and Shoulders at a shared confluence zone between the log scale 1.618 and the linear scale 1.272 Fibonacci Extensions which in both cases would be the PCZ of a Bullish Butterfly; While it is possible that it could go deeper into the linear 1.414 Extension I do believe that the action we're seeing from the price right now at the current level warrants a Bullish Entry.
SoFi having just over $0.5B Under Management is overall a much smaller bank than many of the banks we've seen come down and may come to as an advantage as they have less liabilities and yet they are gradually growing.
$NEGG | Bullish Butterfly Harmonic - Negg is an interesting stock with the potential of great returns in the future
- Right now it seems prime to have a small run, depending on the overall market situation
GOLD ADVANCE HARMONICS PATTERN BUTTERFLY BEARISH GOLD has formed an advanced harmonics pattern butterfly bullish on its hourly chart.
The price is trading the EL: 2026.81.
ST: 2036.00
Targets:
62% AB: 1996.48
79% AB:1985.42
127% AB: 1954.70
162% AB:1931.97
Tranchess (CHESS) formed bullish Butterfly for upto 49% pumpHi, dear friends hope you are well and welcome to the new trade setup of Tranchess (CHESS) token with BTC pair.
Our last successful trade of CHESS was as below:
Now on a daily time frame, CHESS has formed a bullish Butterfly for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DXY mid to long term analysisLong term I am Bearish on DXY, with De-Dollarization happening in the world especially BRICS countries preparing to create a new currency to use for trade amongst them and 24 other nations joining them. So, we will see the dollar lose its value over the next few years.
But in the short to midterm (Few Months to a year) I am seeing a nice bottom form for DXY.
I have drawn two rounded curves in purple where I see rounded double bottom formations which in my experience are immensely powerful Market structure for explosive move to the upside a move to 109 is expected because of this structure.
I have also drawn two smaller Rounded bottoms in yellow and Red which I see playing out to the upside in the short-term A move to 104 is expected if these structures continue to develop.
PA is also reacting to the PRZ 1.414 of butterfly, if DXY comes down to play the red rounded bottom, we can see a strong move up from 1.618 extension of the butterfly as a Type 2 return on the harmonic.
We also have the 3 key EMAs (13 21 and 34) on daily start to curve to the upside, these are initial signs of Trend reversal. Right now, PA is above 21 and 13, but below 34, As long as 34 EMA is not broken through on Daily Time Frame 21 and 13 EMA act as weak support and 34 EMA will continue to act as resistance, and we will be in a down trend. Once the 34 EMA is claimed on Daily and held for few days, we get a confirmation for the uptrend and then 21 and 13 EMA will start to act as strong support along with 34 EMA.
With FOMC coming up, if the news is favorable for Dollar, we can break thorough 34 EMA and confirm the trend reversal.
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 and if you like my content and would like to learn from my experience hit like and follow me for getting notified on my trade, market projections and several upcoming tutorials on technical analysis and several technical Indicators. you can also leave a comment and let me know if you want me to analyze 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.
EURAUD Sniper Butterflythe detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
EURAUD Butterfly Retrace For First Time at F 1.13
and we can expect that
EURAUD Reverse Trendline completely at second level F 1.41
and EURAUD will fall to the ground.
I hope this idea is useful for friends and Exchange Currency traders.
Long setup on RNDRUSDTButterfly pattern detected
Will try to take the wave from C to B
We have bullish OB expected the price to bounce from there to butterfly target mentioned in chart
BTC-USD ✦ LONG SETUP ✦ ONE HOUR✦HARMONIC✦ POSSIBLE REVERSALBITCOIN (BTC) started to move in a bullish direction after a noticeable downfall. However, there is a big resistance zone which can stop BTC to move further in a Bullish Direction. Therefore, this trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. Bearish Butterfly Harmonic Pattern is forming on one hour time frame and it is expected that BTC will take reversal from Point D (Potential Reversal Zone) mentioned in the chart. In addition, Presence of Divergence is negative at the current price level which can further lead to bullish movement of the instrument till PRZ. Thus, current situation can be favorable to grab the Long Trade opportunity before the reversal of the instrument. However, only TP1 is suggested in this trade due to expected reversal of BTC price from PRZ.
Gold making the right structure for a nice move down.Long term I am bullish on Gold, it should be able to break 2100, but for now it should range in 1800s to 2050K for next few months. I am currently in a short trade from 2043 and plan to ride it to low 1900s at least , then I will reassess.
For now, I am looking at these setups.
BTCUSD: Still A 4HR Double Bottom at PCZ of a Bullish ButterflyBitcoin on the 4 Hour has printed a Double Bottom with Stopping Volume on the Second Bottom at the 1.414 PCZ of a Bullish Butterfly and at the 100 Period Simple Moving Average. I am still fishing for a Waning of the 4 Hour MACD Negative Momentum so confirm the entry and will be using the 1.618 and the 200 SMA as a line in the sand that price must hold above.
BTCUSD: 4HR Double Bottom at PCZ of a Bullish Butterfly Bitcoin on the 4 Hour has printed a Double Bottom with Stopping Volume on the Second Bottom at the 1.414 PCZ of a Bullish Butterfly and at the 100 Period Simple Moving Average. In the next 2 minutes we will see the current 4 hour candle close and a new one will begin which is where it will show rather or not it wants to confirm the waning of Negative Momentum on the MACD and RSI and confirm Bullish Divergence.
ADA-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. CARDANO ( ADA ) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish Butterfly Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of ADA-USD pair till PRZ.
Opendoor - powerful bullish ButterflyLooks like Opendoor's stock is shaping up to form a Butterfly pattern! If you're familiar with this symmetrical chart pattern, you'll know that it can signal a potential reversal in the stock's current trend.
So, for those of you who believe in the power of technical analysis, this could be seen as a bullish signal for Opendoor's future stock price. Of course, as with any trading strategy, it's important to use multiple forms of analysis and not rely solely on chart patterns. But hey, let's enjoy this moment of Butterfly bliss while it lasts!
GOLD/USD: Upthrusting into the PCZ of a Bearish ButterflyGold is showing some MACD Bearish Divergence at the PCZ of a Bearish Butterfly while at the same time the RSI seems to be thrusting it's way upwards, but the thrusts we get up in price are shortening as we trade into the Pattern Completion Zone of this Bearish Butterfly. If things go as expected, we will see Gold reverse big from here and likely undo the entire uptrend.
ALGUSD - Bullish Butterfly Pattern on 1 hrALGUSD formed a bullish butterfly pattern and the harmonic ratios on pattern are almost very close to the original pattern. Although it came down a little but if it holds the Potential Reversal Zone (PRZ) then this bullish butterfly pattern is intact and if the neckline is broken then the bullish trend will start.
TRON/USDT - Butterfly - Bearish Reversal Pattern - HarmonicsTRON/USDT looks to be forming a bearish reversal pattern, Butterly. Pattern will only be confirmed after breakout of Point B where we are looking to long until Potential Reversal Zone (PRZ). We are expecting price reversal from Point D or PRZ creating lower highs and lower lows!
GALAUSDTA bullish butterfly pattern can be seen in GALAUSDT 1H TF. We have taken a long entry at the current price. TPs and SL are defined.
Cheers.
THETA/USDT - Butterfly - Harmonic Pattern Bearish THETA/USDT is currently forming Butterfly - a bearish harmonic pattern. Expecting price to break point B and will enter a long until TP. Will be looking to short at Potential Reversal Zone.
