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Butterfly

Harmonic Pattern with Multiple Confluence for Point X and DThis is an example of regression channel with harmonic pattern. By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly. There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete. For Point D, best to monitor price changes using RSI or other similar RSI (Cyclic RSI, etc). Indicator used : 1. Regression Channel Alternative MTF 2. HH-LL ZZ 3. XABCD Harmonic Pattern Custom Range Interactive 4. Simple OHLC Custom Range Interactive 5. Cyclic RSI High Low With Noise Filter
MYX:FKLI1!Education
by RozaniGhani-RG
PayPal (PYPL) ... 3 PossibilitiesPayPal (PYPL) managed to return 30% in the first half of November 2022 and then gave it all back. Obviously going forward there are three possibilities: a) PYPL-Breaks dotted red line and traces out a Bullish Butterfly pattern with its point D being ~ $64 b) PYPL-Holds Bat D ~ $71 and traces out the same targets of the old Bullish Bat Pattern. c) PYPL-Continues sideways While we will most probably be hostage to J Powell and the Fed bullies until next week, I would presently handicap the probability of each outcome as: A) 30% B) 55% C) 15% No position here...I'll let the price action direct me and get back. As usual this is not investment advice... do your own due diligence! S.
NASDAQ:PYPL
by Steve666
17