Perfect automated detection of Butterfly & DeepCrab PRZ - LongA bullish-type Butterfly pattern occurred.
If the price drops to 20.226, a bullish-type DeepCrab pattern could occur.
Also on the daily chart, bullish-type BlackSwan pattern is occurring.
Long after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Butterfly
Bearish ButterflyEURCAD has been flying high recently, the price has reached a resistance and printed few bearish doji candles. Though a major chart pattern here is bearish butterfly. Tomorrow's CAD CPI will conclude and fuel the movement. It is predicted that the CAD will be weak is the news come out true we will be stopped out but if not, our setup will be favored. All eyes on CAD CPI. Have a great trading session and don't forget to place your stops. Let's Download Success.
Perfect automated detection of BlackSwan & Butterfly PRZ - ShortA bearish-type BlackSwan pattern occurred within the resistance zone of 1.8100-1.8220.
(In this resistance zone , there was a rebound in 17 Oct, 16 Mar,...)
If the price rises to 1.8354, a bearish-type Butterfly pattern could occur.
Also on the daily chart, bearish-type BlackSwan pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of Butterfly & DeepCrab PRZ - ShortA bearish-type Butterfly pattern occurred.
If the price rises to 0.87450, a bearish-type DeepCrab pattern could occur.
Also on the daily chart, bearish-type Butterfly pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Bearish Butterfly Type 2 Within Ascending ChannelFound that a valid Harmonic Pattern of Bearish Butterfly Type 2 Within Ascending Channel / Channel Up.
Bearish Butterfly identified as Point X confluence within RSI oversold.
Price retest / reverse at Type 1 within PRZ (orange) until Type 2.
After Type 2, price able to hit TP1 @ 0.382 AD, then consolidate, it is advised to look under lower timeframe such as 15m and use other indicator such RSI.
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
Perfect automated detection of BlackSwan pattern - ShortA bearish-type big BlackSwan pattern occurred.
If the price rises to 0.87045, a bearish-type Butterfly pattern could occur.
Also on the daily chart, bearish-type BlackSwan pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
BATA INDIA INTRADAY Bataindia made bullish harmonic pattern on smaller TF for intraday trades only.
Could be bought with mentioned stoploss & target.
To carry fwd or not will update before closing if bata manages to trade above 1711.
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.
USDCAD - Bearish ButterflyLast night during our live session in trading view(www.tradingview.com). I've mentioned that there's no need to chase after the USDCAD trade as there's a rate hike decision happening in less than an hour.
If it's your trade to take, you will have another opportunity.
Missing a trade is better than getting into a trade you aren't supposed to take.
I'm waiting for the current candlestick candle close to engage this trade.