ECONBHD COMPLETE BULLISH BUTTERFLY PATTERNFor Butterfly Pattern is extended to 1.27% for D point.
it shows reversal pattern at point D as EP and by using Fibo retracement (point C to D) as our target.
#EDUCATION MYX:ECONBHD
Butterfly
BTCUSD - Potential Bearish ButterflyIdeal Butterfly pattern elements:
• Precise 78.6% B point retracement of XA leg.
• BC projection must be at least a 1.618.
• Equivalent AB=CD pattern is minimum requirement, but the Alternate 1.27 AB=CD is the most common.
• 1.27 XA projection most critical number in the Potential Reversal Zone (PRZ).
• No 1.618 XA projection.
• C point within range of 0.382–0.886 retracement
EURCHFlast month's price consistently makes an uptrend channel until the price was breakout the support line which is the downtrend will happen. Price stopped and make a nice butterfly harmonic pattern, I assume it going short
DXY create bullish butterfly pattern. So, SELL NOW....
DXY chart create bullish butterfly pattern. The market goes little
Up to 92.816 resistance zone then huge fall to 92.316 & 91.886 support
zone. If the market break out 93.250 resistance level then then market moves up.
EUR/USD LONG BUY OPPOTUNITY VIEW.
Dear Traders, You can buy limit @1.17815 / 1.17639 level.
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.
SHIBA Trade SetupAs we go into the weekend here is a little trade setup in the altcoin market that looks ready for a nice runup.
SHIB is currently tying to put in a bullish engulfing Japanese candle stick on the daily as well as finding support at a strong local support level. If this level holds, SHIB could find itself in a 25% move to the upside if this Bullish Butterfly Harmonic pattern is to play out which would give it a tentative targeted move to $0.000009 roughly.
However, once this target hits, I would be expecting the D leg of this harmonic to bring us back down past our previous low set around July 20 by doing a 120% retrace of X to A. This would give us a final price target of $0.00000448 roughly. This area should make for an excellent buy opportunity.
Keep in mind that as always this does not have to happen. $0.000009 is the immediate target I am watching for but it would not be out of the ordinary for SHIB to retrace shallow and not do the deeper .886 retracement I am expecting. This is something to keep in mind as well but due to the fact that we are holding snuggly on the .236 local Fibonacci level, this was enough assurance for me to take a long.
Also keep in mind that this does not have to play out in a few days. I expect this to take roughly 1 to 2 weeks as that is the time it took for the B leg to play out. If this is to be somewhat symmetrical, I expect about the same amount of time to complete the C leg as well.
Apologies for the harmonic coordinates being a hair off but hopefully you get the general idea as the pattern is most definitely there.
Lastly, something to always watch for is a dump in Bitcoin price. Everything in the crypto world has a strong beta to the king Bitcoin, so if Bitcoin is not performing well that could effect the outcome of this trade as well.
On the flipside, BTC has seen a nice runup and a slight pullback this weekend for Bitcoin could mean a nice pump for altcoins not named Ethereum, due to the fact that ETH has already had a major pump.
$US30 butterfly to Cypher Double pattern Lets see guys this hit tp 1 (missed trade) and is headed towards 618 watch reaction there for bearish price action and see if it can hit tp 2 at 618$ / (1bill$), might snap higher
ES and NQ, treading lightly rn guys very ;lightly, i do not care for this many obvious patterns, feels trappy, but working so far !
Pls give it a break w i can go back and change plays etc and entries , no i do not know anyone who can either and i certainly do not know anyone at @tradingview. Once you post them they can not be altered, These messages crack me up FR who has time for this stuff lol Stop doubting what's possible and study!!!
EURNZD Bullish Butterfly Harmonic pattern.Here we can see the makings of a bullish butterfly pattern , entry being at 127.2 % of XA and 161.8% of XA as the stop loss.
BTCUSDT Butterfly patternin the 4h timeframe, we could see a butterfly pattern. Regarding to this pattern, the target price is about 51700, that is near the middle line of a pitchfork!
PAOS Bullish Butterfly PatternMy Expectation using Butterfly pattern in Hourly TF for price can drop to 0.25 (1.27%) and rebound back to 0.38.
#TAYOR MYX:PAOS
Quick 30 Minute Bearish Butterfly This is an overbought setup of a Bearish Butterfly lets see how it goes.
Support Broken & will make Butterfly Pattern on XRPMYR1. Bullish Butterfly pattern will be form if the price falls to point D. That the entry point (red line)
2. Next Fibo 1.41% is cutloss price at 4.00
3. My expectation the price will reach point D and reverse back to point B (white line).
#TAYOR BITFINEX:XRPMYR
Butterfly pattern BTCMYR1. Bullish Butterfly pattern will be form if the price falls to point D. That the entry point (red dashed line)
2. Next Fibo 1.618% is cutloss price.
3. My expectation the price will reach point D and reverse back to 0.618% (green dashed line).
4. For comfirmation the price must fall and closed below B level.
#TAYOR BITFINEX:BTCMYR
EURGBP 1HR BUTTERFLY EURGBP 1HR BUTTERFLY
Targets around 1.85850
-This is a smaller pattern that will have a faster reaction.
GBPJPY - Bullish Butterfly ExtensionWe have a Head and Shoulders Pattern and it's completion come into the Bearish Shark completion. Well, it gives a 1:1 Reward:Risk but we are looking at 140pips of risk.
WOW!! Not for me man!
So instead of buying at 1unit, I'm going to wait for the butterfly pattern setup, a bullish butterfly completing at 151.05 for a counter-trend trading opportunity off the 15minutes chart but a trend trading on the 4-hourly.
For this setup, I would rather miss the trade than to put myself in a 140pips risk.
$KC Quick look long set up Nice pin bar on daily (weekly engulfing here) after buyers came in off the 618 pullback off the low. Looking for kc to make a move here towards tp 1, watch for pullback to enter long.
Btc usdtI think btc Bullish in 4h chart,
some patterns We are find on this chart, like
Butterfly and symtrical trangle
Bitcoin Butterfly HuntingBitcoin appears to be gearing up for its next leg to the upside but there are short term bearish things happening right now that should be on ones radar first.
For one, we are breaking below our upward sloping price channel AGAIN and although it is not yet confirmed on the 4 hour timeframe yet, the fact that Bitcoin has failed after 11 four hour candle attempts to break and hold the $48900 level suggests that a retest of lower levels could be in store soon if a local higher high is not put in soon. A level according to what we see with our own eyes on the chart is a very strong level of resistance. And now we find ourselves again getting rejected at it which gives one the feeling that market makers could be looking to send the price back to our 50% retracement area of support in my personal opinion.
Another key indicator to validate this opinion I have is in the fact that price action has begun confirming a 78.6% retracement of X to A on the chart which sets us up for a potential Bearish Butterfly Harmonic pattern. The beauty of the bearish butterfly however is that it gives us a higher high but the follow-through once price has hit the Potential Reversal Area is often bearish on these harmonics.
For the bullish case one will want to watch the $49600 area. If price comes back up to this level and breaks it, then this harmonic could be in the process of being negated. On the flipside, having buy orders waiting around $46829 would be a good idea as this is not only a great support area at the .5 fibonacci level.. but also the bottom of the C leg of the Bearish Butterfly pattern, something that in my opinion is no coincidence.
Please note this does not HAVE to happen. Price could reverse from here and go much higher than $49600 or go lower from here and break our .5 level altogether as well.
However, if this is to playout, the $51400 price area appears to be a wise area to take profit if a rally is to eventually come again anytime soon.
Great opportunity to buy Amazon.comAmazon is one of the world’s most fundamentally sound stocks. But despite publishing the good results, the stock price drastically fell. The reasons for this fall could be the mayhem in the Chinese IT and education sectors, the profit bookings forced by the delta variant news or even a game played by the operator.
Amazon.com is definitely a buy-on-dip stock. Technically we could have a dip in our hands. Let’s understand how we got a dip here.
If the market participants expect the results to be good, they take stock prices to higher levels with good volumes. From point X to A the stock price had risen 10% breaking the strong supply zone.
Whenever a strong supply zone is broken it becomes a strong demand zone and price comes down to test it. The price came down to point B and bounced to point C. It came down to test again but this time to take on the strong demand zone it opened with a gap-down.
The gap down below this zone removed the bullish participants by triggering long unwinding and bears also gained power. Now bulls will wait until the price reaches the demand zone or a dip. At the dip, if bulls gain power it triggers short covering thus kicking bears out. The dip may be at point D.
The point D we got here is the terminal bar price of the bullish butterfly pattern, which is a fib ratio of 1.618.
This point D lies in an old demand zone that has been tested several times. Historically whenever the price went down this demand zone, it fell by 10% and then rose back. But when it bounced back rose by 10% and a maximum of 18%.
The take profit levels for butterfly pattern will be 0.618 fib retracement of CD and can be trailed up to 1.272 fib retracement.
Buy at 3185 (point D) with SL placed at 3043(SL for butterfly pattern @fib ratio 2)
Reward >= (3511-3185) = 326
Risk = (3185-3043) = 142
RR>= 2.23
Buy at some qty at 3185 and average the price with some more qty if the price reaches 3043 to 2880 zone with SL of day closing price below 2880.
Points to be considered
1) The volumes are lower than the 20 moving average since the major gap-down.
2) RSI is at 28 indicating the stock is oversold.
3) The stock price trading in the demand zone with lower volumes could be a sign of a pullback.
As the markets are down due to early tapering news, these levels may not work.
If you want to be absolutely sure then wait for the price to break out in either direction with good volumes, then consider your position.
Please consult your financial advisor before investing.
GOLD, D1 - potential Butterfly patternAfter reaction on 78.6 retracement, possible move up towards 127.2 to form Butterfly harmonic pattern. Price broke important 1800 resistance level.
