Butterfly Pattern

The Butterfly Pattern is an extension pattern that exceeds X and requires specific Fibonacci ratios to validate the structure. These measurements include a mandatory 0.786 retracement of the XA leg at the B point, which defines a more precise Potential Reversal Zone (PRZ) and more significant trading opportunities. Also, the Butterfly pattern must include an AB=CD pattern to be a valid signal. Frequently, the AB=CD pattern will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) BC projection. These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all-time (new highs/new lows) price levels.

TomHall TomHall TOP GBPJPY, 15, Short , 17 hours ago
GBPJPY: GBP.JPY - BEARISH BAT SETUP - 144.959
630 6 31
GBPJPY, 15 Short
GBP.JPY - BEARISH BAT SETUP - 144.959
On the GBP.JPY 15min chart we have a potential short opportunity at the D leg completion of bearish Bat setup. The price reversal zone on this pair is between 144.959 & 145.171 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the ...
tmanuelasorina tmanuelasorina GBPUSD, 240, Short , a day ago
GBPUSD: POTENTIAL BEARISH BUTTERFLY EXTENDED
33 1 2
GBPUSD, 240 Short
POTENTIAL BEARISH BUTTERFLY EXTENDED
GBP/USD is forming a potential butterfl extended
tmanuelasorina tmanuelasorina GER30, 15, Short , a day ago
GER30: POTENTIAL ADVANCED BEARISH BUTTERFLY FORMATION
90 0 5
GER30, 15 Short
POTENTIAL ADVANCED BEARISH BUTTERFLY FORMATION
GER30 is forming a potential advanced bearish butterfly formation
Snehath Snehath AUDUSD, 60, Short , 11 hours ago
AUDUSD: Can AUDUSD go above 0.75? Maybe not and here is why
65 0 5
AUDUSD, 60 Short
Can AUDUSD go above 0.75? Maybe not and here is why
I have been bearish on the AUDUSD for a while and next week I hope to capitalize on this weakness. What is going for this trade is the fact that there is a strong double top from last week at 0.75. There is also a bat pattern forming for a short around 0.7485. Will wait for a trigger to short this guy. Will aim ...
TomHall TomHall TOP EURUSD, D, 6 days ago
EURUSD: 5 EASY STEPS TO TRADE THE GARTLEY PATTERN
3155 67 132
EURUSD, D
5 EASY STEPS TO TRADE THE GARTLEY PATTERN
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked ...
skymtrader skymtrader EURUSD, 60, Long , a day ago
EURUSD: EURUSD LONG TO BEAR BAT SHORT
77 0 4
EURUSD, 60 Long
EURUSD LONG TO BEAR BAT SHORT
100+ PIPS BUY to TARGET 2 100+ PIPS SELL @ BAT (D) completion Good Luck! KEEP THE RADARS UP!!!
themarketzone themarketzone PRO EURUSD, M, 4 hours ago
EURUSD: This is what you need to know about EURUSD this week
51 0 5
EURUSD, M
This is what you need to know about EURUSD this week
EURUSD is in focus this week with the Italian referendum and the monthly ECB meeting. Here's a brief list of what we see in EURUSD chart: 1. EURUSD is still inside a weekly trading range (1.05-1.114). Last week the bottom of the range held as support. 2. 1.05 is also the completion zone of a monthly bullish AB=CD ...
ForrestForex ForrestForex PRO AUDJPY, 60, Short , 4 hours ago
AUDJPY: AUDJPY Gartley/Butterfly/Wedge Short
21 0 4
AUDJPY, 60 Short
AUDJPY Gartley/Butterfly/Wedge Short
Bearish Gartley completed on the daily chart. Bearish Butterfly on the 1 hour chart. Break of the wedge on the 1 hour chart. Looks like an impulse to the 80.00 level is coming.
skymtrader skymtrader AUDUSD, 60, Short , a day ago
AUDUSD: AUDUSD 2618 SHORT
39 0 3
AUDUSD, 60 Short
AUDUSD 2618 SHORT
100+ Pips SELL Good Luck! KEEP THE RADARS UP!!!
kiheme kiheme GOOGL, 240, 20 hours ago
GOOGL: $GOOGL Potential Bat Pattern Formation
15 0 3
GOOGL, 240
$GOOGL Potential Bat Pattern Formation
Meets criteria so far. Still needs .886 retrace. Maybe a buy in anticipation, then some profit taken off at .5 - .618 areas.
ABRAFX ABRAFX PRO EURNZD, W, Long , 15 hours ago
EURNZD: EURNZD  in weekly chart
11 0 3
EURNZD, W Long
EURNZD in weekly chart
eurnzd in weeklychart
adambiers adambiers AUDJPY, W, Short , 12 hours ago
AUDJPY: Bearish Bat on Weekly Candle Closes. Looking for sell setups!
13 0 2
AUDJPY, W Short
Bearish Bat on Weekly Candle Closes. Looking for sell setups!
Looks like another bearish bat here. Most recent bull run broke long term trend channel. We had a previous bat that signaled a huge short, along with Elliot wave truncation. Will be looking for short setups on a lower time frame! If you like my idea, give me a thumbs up! If you think it's idiotic, well I'd like to ...
skymtrader skymtrader EURAUD, 240, Long , a day ago
EURAUD: EURAUD REVERSE HEAD & SHOULDERS
22 0 1
EURAUD, 240 Long
EURAUD REVERSE HEAD & SHOULDERS
300+ PIPS BUY to T1 500+ PIPS BUY to T2 Good Luck! KEEP THE RADARS UP!!!
TerryHarmonicTrading TerryHarmonicTrading USOIL, D, Long , a day ago
USOIL: USOIL(BULLISH) - ABCD completes around $68
186 4 9
USOIL, D Long
USOIL(BULLISH) - ABCD completes around $68
Hey traders, I am spending my weekend browsing across different instruments. The recent HOT commodity that everyone is talking about is oil. This is how I see oil based on Harmonic analysis. 1. Price is bouncing off the lows on the daily channel 2. AB=CD patterns completes around $68 3. I am very bullish on OIL ...
cottbus cottbus CADJPY, 15, a day ago
CADJPY: CADJPY GARTLEY PATTERN
12 0 3
CADJPY, 15
CADJPY GARTLEY PATTERN
CADJPY GARTLEY PATTERN YTD
JohnQuid JohnQuid PRO GBPJPY, D, a day ago
GBPJPY: GBPJPY SHORT
72 0 6
GBPJPY, D
GBPJPY SHORT
HARMONIC MOVE
TerryHarmonicTrading TerryHarmonicTrading DXY, 240, Short , a day ago
DXY: DXY - Reversal or retracement?
68 0 6
DXY, 240 Short
DXY - Reversal or retracement?
Hey guys, one chart I am very interested to monitor closely next week is DXY which is the US dollar index. It measures the USD against a basket of other currencies and is the most widely used chart by traders to determine the strength of the USD. You can read more about it here --> ...
123456... Show More Ideas
Market
Interval
Browse
Time
Author
Widgets
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out