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Butterfly

LINKUSDT Monthly Inside Bar ZoneLINKUSDT price action is now returning to the Monthly Inside Bar Zone after rejection from neckline of the Head and Shoulders Top. I'm expecting a swing downward to fill the gap below the weekly volume POC by least at Monthly Inside Bar open level. This level seems to be a psychologic key level for traders that waiting for long positions opportunities. I'm considering, if price reaches this zone at the time of the US Market open, a strong pullback can occurs. Then a 2nd touch to superior trendline will be expected. Due to the bearish tendence of US market, specially after S&P500 made a lower low invalidating a possible double bottom, more lows can be expected. LINKUSDT will remains bearish below weekly volume POC @ USDT 7.00 zone when entering in a daily bearish momentum with a weekly candlestick bearish close. 2 weekly candles downward can be form a right shoulder on 1W chart due to a Butterfly as showed on comments below. Then a potential breakout from this monthly Inside Bar will be the frontier for bears to project new bearish impulsive wave. Oscillator: Fisher Transform H4 and 1D timeframes
Short
by firmestudio
$BTC Butterfly If Btc trades in the 1.272/1,414 extension window I will be looking for price action to get long. That price action would include a pin bar, engulfing bar or inside bar. In addition a 2 /618 double bottom or low time frame harmonic would also trigger the pattern. I will update price action if it gets there. Please note the double daily inside bar that a break high or low should give us a direction, I will update in notes. Thanks for looking and let me know your $BTC thoughts in comments.
BITSTAMP:BTCUSDLong
by Hiddenharmonicstrading
4
LINKUSDT 2-top, H&S, Butterfly; pullback to necklineLINKUSDT 2-top, H&S, Butterfly; pullback to neckline After a retrace from the Stocks Market, LINKUSDT presents a perfect price action in bearish confluences after exit of a ascendent broadening bottom. We can see a Head and Shoulders in process now, exactly pull-backing to neckline, in a potential Double Top pattern. The prior swing before this pullback fitted 50% of a potential CD-leg of a Butterfly Harmonic Pattern. We can expect a 2nd downward from the neckline which is the weekly volume point of control (POC), strong resistance. A 1st short-term-target has been applied on an AB=CD projection. The 14.6% Fib level is my key level to put targets. Plus hidden bearish divergences on 1H chart w/ Ehlers Stochastic, Awesome Oscillator and Chaikin Money Flow. Definitely bearish.
Short
by firmestudio
1
Perfect automated detection of WhiteSwan & Butterfly PRZ - ShortA Bearish-type WhiteSwan pattern occurred near the resistance zone of 1.387-1.423. (In this resistance zone , there was a rebound in Aug 2021, Jun 2020,...) If the price rises to 1.417, a Bearish-type Butterfly pattern is likely to occur. Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 1.279-1.297. *Harmonic patterns and support/resistance zones are automatically detected using the indicators below. - Harmonic auto-detect PRO - Support/Resistance Zone Auto PRO
Short
by HarmonicLab