WILL WCT FORM A BUTTERFLY PATTERN?Wathout if price BO from point B.
It will formed Bearish Butterfly Pattern when price achieve at point D and price should not below from point C.
#TAYOR MYX:WCT
Butterfly
ICP butterfly pattern#ICPUSDT
$ICP seems is in a long term rising wedge, as you can see support zone is doing its job well and price is still above the support. also in RSI if we draw a support, candles hold the support too.
there is a butterfly pattern that if price break out from descending resistance, bulls can go trough the resistance zone to complete this pattern around $65.
Long next shortI think DXY is building a bearish butterfly form. Although it is not perfect, the number is close to the harmonious number, 0.786, 0.886, 2.0, 1.5. So it is possible to get out of this expectation. At present, there may be about 44% room for the first wave of price rise. Reaching the falling 0.618 may reverse after suffering strong resistance. At present, DXY seems to have been adjusted in a small cycle. But it should not rise wildly, at least not in October.
Potential Butterfly!NAS100 - Is about to hit a daily OB, I feel price will reject to the B point or a little lower, creating a liquidity trap to then fill the imbalance before heading up to mitigate the higher and stronger OB before reversing!
I May potentially take all 3 trades if price action confirms it!
Whats your thoughts?
Butterfly@1.272XAThe Bullish Butterfly it's already complete and the PRZ it's on test by th price right now.
Stay tune on that!
Rules:
1. Harmonic Patterns Completion ( Bullish Butterfly@1.272) - Complete;
2. PRZ Hit - Done;
3. PRZ Test -In the Process;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - Waiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3
$NIO - Entry based on price action This is another sub-trade I will take based on PinBar price action on the daily timeframe even though it looks shy on the chart, so the stop loss should be more close to the entry. I expect a move of 9% tomorrow🤞
Bullish Butterfly In SightBased on DAILY chart, market is currently busy with a temporary bullish correction.. Soon we should expect strong rejection coming from 1.1650-1.1700 area max. to watch bears continuing down towards Butterfly completion point D.. No rush though! Intraday wise we have to first watch and stay alert for certain resistant areas.. This can take time!
A good harmonic pattern on Gbpusd Hi everyone , how you doing ?
so as we can see , there's a bearish butterfly on gbpusd at 1h
and the price is also in a resistance zone .
after some candlestick confirmations we can probably enter a short position .
!!! today there is an economic report about USD (PPI) , so the market might be a little risky , then don't forget about stop loss .
Gold... A Menagerie of Harmonics
Lots of patterns in play as we approach NFP (Non Farm Payroll) tomorrow.watch politicians make fools of themselves, get deeper in debt ... as world tensions increase.
Take your choice,
I personally favour the $1710 area as the next stop but who knows.
Be flexible and nimble.
Not investment advice
S.
Alibaba (BABA)... emerging from its crystalys ??BABA has lost over 56% of it value in the past 12 months and is now approaching what we believe are support levels.
Additionally we have detected a possible Butterfly Harmonic reversal pattern which may give investors some hope,
This is a weekly time frame and patience is needed.
As usual this is not investment advice. Do your own due diligence,
S.
NAS - Bearish Butterfly ConfirmedThe Broadening Falling Wedge found resistance at the .5 Pattern Break Target and has returned to the linear break level after a confirmed harmonic pattern. Will the low job number add to growth concerns as Big Tech earnings are up this month?
ALGOUSDT BATTERFLY SETUPMy plan as stated in chart.
By using Butterfly Harmonic pattern the target is around 1.27% Fibo ext. X-A
Possible entry when price in range between 0.382% to 0.618% fibo retracement B-C.
Pattern invalid if fall below C level.
#TAYOR HUOBI:ALGOUSDT
Butterfly Pattern on BNBGBP - Structure BreakingInteresting butterfly pattern setting up on BNBGBP. Its currently making the C-D leg so obviously not a valid pattern just yet. It would have to cross strong structure lines to get to the 'd' decompletion point however this is a structure breaking pattern so possible. Interesting to see where it ends up.
$Nio - investment idea 💡 #NIO has been trading for a while in the demand zone, giving great opportunity for low risk entry. And great target potential. Regardless the fundamental analysis, this is just technical analysis.
From this price I will start buy small positions and buy more with bullish price actions.
❌ - Moving Averages still bearish, price distance to fast ma 0.50% and to slow -17.53%
✅ - The scenario is duble bottom, and bearish butterfly 🦋 pattern.
✅ - MACD
✅ - STOCHASTIC
✅ - Momentum
✅ - RSI Neutral
❌ - Ichimoku very bearish
⏰ - Breakout around: $37
🚦 - Next entries in case if dropped:
- $30
- $23.30
- 18.70
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
NZD/USD:DOWNTREND |PRICE ACTION+HARMONIC PATTERN|SHORT 🔔Welcome back Traders, Investors, and Community!
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Attention; Bearish Butterfly on BTC The B point of the Bearish butterly pattern is at 57143.51 which is 0.786. Therefore, if this formation is to work, a pullback from this level may occur. If this analysis works, there could be a downward breakout of the rising wedge around 51,600. After the re-test of the breakout, BTC may fall as low as 32,036. This point is the C level of the formation.
BTC's new target is around 87,100k after the downtrend breakout, indicated by the red line. This point is also the 1.618 point of the formation. The 87k value is also the upper bound of a trend drawn from the 2019 high and 2021 high peaks.
This analysis is the detailed version of the analysis that I have done in the previous days, which includes the potential bearish butterfly pattern formation.
The stated levels are only estimates. It is not investment advice.
Potential Butterfly USDJPY - HTF Bias is Bullish, however Ill be scalping retracements and taking this long if price drops back towards the C point.
Has nice confluence down there & takes out the liquidity and covers the imbalances!
Whats your thoughts?
NQ1! - Bearish Butterfly after the BreakoutThe Descending Broadening Wedge confirmed to the upside with a strong move overnight. The pattern moved to the Break Target .382 where a Bearish Butterfly has set-up. With two competing patterns, the break of the descending broadening wedge and the butterfly , scouting a solid higher low. With the Vix crushed and the 10 year note at 1.5 all eyes on rotations between NAS and the Russell as non farm payrolls for September drop tomorrow.
longHi dears
It seems that a head and shoulder pattern and a harmonic pattern have been formed and we are witnessing an upward wave.
Do not forget the loss and profit limits
Good luck.
AUDCAD - Bearish ButterflyAUDCAD having a Bearish Butterfly setup that violates the bearish trendline. The close of the candle at point D of the Butterfly Pattern is pretty important for me to decide if I will engage the trade.
Potansial Bearish Butterfly PatternEarl in the Day, I published a analyze which is short-term bearish. In that analyze, There is raising wedge and that target iş 32-33k area. After that price going into a falling triangle. Triangle target is 87k area. All of that target giriş us a bearish butterfly. I try to see this to you in that chart. By the way İn that chart ( binance future) the butterfly fits perfectly.
