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Butterfly

PTM (ASX) Platinum Asset ManagementLong term monthly chart Eyeing this up as a long term multi year investment, not far off the buy zone in the next couple of months... I will be looking for signs of reversals on the lower timeframes for entry at or around the long term fib cluster level Forward dividend should be decent and plan will be to sell half at 38.2% retracement from high to low which is a butterfly target This may take years but it is a 400-450% gain from current levels... Will post a follow up if I find a good entry point even though on this timeframe timing the market is less relevant... some shorter term habits die hard...
ASX:PTMLong
by dionvuletich
FBU Fletcher Building Monthly Near buying levels...FBU Fletcher building near buying levels Currently getting near demand level, currently has forward dividend of 11% but earnings have shrunk dramatically to loss making and likely going to restructure business or resize operations No action as yet as there is no clear signal right now to buy, but it is definitely on my watchlist and hoping it drops in the next 2-3 months so I can buy lower at multiple support levels and lift my dividend % when it turns around again The gap between the preferred $2.70 and $1.80 is quite wide so I might dip into a position at $2.70 and then load up the rest at $1.80 if it gets there Fletchers is a pretty iconic NZ business but does have a pretty high debt level of 106% debt to equity so there needs to be a shift to reduce this if this involves developments that are funded by debt they need to be converted back into equity... Likely needs some management and operational changes as current formula of negative profit and high debt to equity is not working... nor sustainable...
NZX:FBULong
by dionvuletich
Dollar Index DXY chart hopefully create bearish butterfly pattern.so market need to seem BUY correction 101.320 and 101.500 resistance zone. if Then market break down 101.690 support level, then this case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.
TVC:DXYLong
by AronnoFx
Bullish Butterfly Pattern Checkback on EURJPYHere’s an interesting setup for all you counter-trend traders out there. A Bullish Butterfly Pattern checkback could provide a solid buying opportunity. Let’s break it down. Current Overview: - Bullish Butterfly Pattern: This pattern is setting up a potential buying opportunity for those looking to trade against the trend. Strategy: Entry: Look to enter a long position as the market completes the Bullish Butterfly Pattern. First Resistance Level: Trendline Break: The first level of resistance will be at the Red Trendline on the chart. Partial Profit: When the market touches this trendline, consider taking partial profits. Stop-Loss Adjustment: Shift your existing stop-loss to the entry price at this point, creating a risk-free trade. Final Thoughts: This setup offers a clear strategy for managing risk while capitalizing on a potential counter-trend move. Remember, trading is all about planning and managing your risk effectively. Are you considering this trade? What’s your approach to counter-trend trading? Share your thoughts and strategies below! Happy trading, everyone! 🚀
Long
by RaynLim
NZD/USD: Bearish Reversal Signal with Key ConfluencesThe NZD/USD pair is currently exhibiting signs of a potential bearish reversal, highlighted by the formation of a Bearish Butterfly Harmonic Pattern . This pattern, when combined with the key technical confluences identified, supports a strong bearish outlook for the pair in the short to medium term. Bearish Butterfly Harmonic Pattern: The Bearish Butterfly Harmonic Pattern has formed near a critical resistance zone, suggesting a potential price reversal. The confluence of this pattern with the 78.6% Fibonacci retracement level on the weekly chart further reinforces the bearish sentiment. The harmonic pattern's completion at this juncture is a significant indication that the upside momentum may be waning. Key Resistance and Trendline Confluence: Price has recently tested and rejected a key resistance level, which aligns with both the descending trendline and the 78.6% Fibonacci level on the weekly chart. This rejection adds credibility to the bearish bias, as it suggests that sellers are stepping in to defend this area. RSI Divergence on 4-hour time frame: An additional layer of confluence is provided by the RSI divergence observed on the 4-hour timeframe. The RSI has shown a bearish divergence, indicating weakening bullish momentum. This divergence often precedes a trend reversal, further supporting our bearish outlook for NZD/USD. Trade Plan: Given the confluence of these technical factors, the following trade setup is recommended: Entry: 0.61970 Stop Loss: 0.62400 Take Profit Targets TP-1: 0.61540 TP-2: 0.61110 TP-3: 0.60680 Risk Management: This trade setup offers a favorable risk-to-reward ratio, with tight risk management in place. The stop loss is placed just above the key resistance level to protect against potential false breakouts. Conclusion: The combination of the Bearish Butterfly Harmonic Pattern, key resistance rejection, trendline confluence, and RSI divergence points to a strong bearish case for NZD/USD. Traders should consider entering the trade at the specified levels, with a clear focus on the risk management strategy outlined above. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and consult with a licensed financial advisor before making any trading decisions.
Short
by trading_jupiter
track it - buy at zoneENTRY - lines marked below is potential reversal zone ( PRZ) - entry is strictly inside the zone - look for buying confirmation in smaller time frame ( 15 minutes preferred ) EXIT 1. target - mark fib retracement from C to latest swing low - TGT 1 - 0.236 fib level ( intraday target ) - TGT 2 - 0.382 fib level - TGT 3 - 0.5 fib level ( preferred target ) 2. SL - candle close below (PRZ) - if u didn't get confirmation inside the zone , ignore this pick - if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK - RE-ENTRY can be done , if u again get buying confirmation inside the zone
NSE:ACCLong
by rajeevmmails
Weekly Analysis of UK100 Butterfly 🦋 the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools. In the context of financial markets, the phrase " pull back to last golden level and flying UK100 butterfly to next golden level at 8320 " suggests a potential upward movement in the UK100 index, possibly after a period of consolidation or retracement. Traders and investors may interpret this as a signal to anticipate a bullish momentum, aiming for a target level around 8320. It highlights the importance of identifying key support and resistance levels, and the potential for significant price movements. As with any market analysis, it's crucial to consider risk management strategies before making trading decisions at black circular region .
FXOPEN:UK100
by SEYED98