30 Minute Bearish Butterfly ETH between 1.272 and 1.618We are at the minimum entry for this pattern i'd like to wait for a 1.414 before i get in heavier but for now i'll short Half of what i want to short just incase it runs away from me and dumps now at the 1.272 as the RSI is mildly overbought at the moment and ETH can turn bearish very soon from here.
Butterfly
Shark, Shark, Butterfly! USDJPY - Entered short yesterday but closed early due to momentum change, so now i'm looking for potential PRZ's on the HTF, we have 2 sharks and a butterfly on the daily all pointing to a 200 pip potential PRZ zone with multiple possible entry/reversal points, ill be waiting for a HTF (1H or 4H) reversal pattern before entering anymore short trades on this pair, I will just scalp longs with PA for the time being!
Price is currently sitting in a strong weekly/daily supply zone.
What's your thoughts?
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
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.