Butterfly Pattern

The Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it's important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.

The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels are behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.
justin333 justin333 EURUSD, 240, Short , 19 hours ago
EURUSD: EURUSD SHORT THE BUTTERFLY
108 0 9
EURUSD, 240 Short
EURUSD SHORT THE BUTTERFLY
EURUSD SHORT THE BUTTERFLY SL:ABOVE 1.07466 TP1:1.05744
doktrader doktrader AUDUSD, 15, Short , 12 hours ago
AUDUSD: AUDUSD Shortterm Setup
69 3 6
AUDUSD, 15 Short
AUDUSD Shortterm Setup
Hi Guys we just froming butterfly pattern we can try to enter for a short at the 1.27 fibo. look for price action at 0.7565
Rahmathid Rahmathid EURUSD, 240, 15 hours ago
EURUSD: eurusd butterfly pattern - sell
64 0 6
EURUSD, 240
eurusd butterfly pattern - sell
eurusd butterfly pattern - sell
williamdiotto williamdiotto EURUSD, D, Long , 12 hours ago
EURUSD: Bullish Butterfly Pattern EURUSD (Daily)
47 0 4
EURUSD, D Long
Bullish Butterfly Pattern EURUSD (Daily)
It's on a daily chart. A huge butterfly pattern. Its impulse leg started in 2015. It's valid on all points, it'll probably be a good trade. I'm aiming 1.12 on this one! Unfortunately, I saw it late and my trade is not perfect, the stop loss is kind of big...
Humair123 Humair123 AUDUSD, 30, Short , 20 hours ago
AUDUSD: AUD/USD M30 BUTTERFLY.
37 0 4
AUDUSD, 30 Short
AUD/USD M30 BUTTERFLY.
RSI AND OTHER TIME FRAMES COMFIRM THIS BUTTERFLY PATTERN
giovannicanu giovannicanu NZDCAD, 60, Short , 16 hours ago
NZDCAD: a little bearish butterfly
15 0 4
NZDCAD, 60 Short
a little bearish butterfly
A bearish bearish butterfly whit a divergence in rsi h1. sl 0.94232 tp usually for a butterfly. if you agree write
tebriz tebriz DXY, 240, Long , 15 hours ago
DXY: DXY Butterfly, AB=CD Pattern, Demand zone and Supports
46 0 3
DXY, 240 Long
DXY Butterfly, AB=CD Pattern, Demand zone and Supports
TVC:DXY
unaispp2407 unaispp2407 EURUSD, 15, Short , a day ago
EURUSD: beautiful butterfly
58 0 3
EURUSD, 15 Short
beautiful butterfly
euusd is gonna dop till 61.8 retracementFX:EURUSD
vip_Trader vip_Trader AUDUSD, 60, Short , 17 hours ago
AUDUSD: Bearish Butterfly on AUDUSD
32 0 3
AUDUSD, 60 Short
Bearish Butterfly on AUDUSD
good signal to take short trade now or you can wait for price to reverse to D point to enter the trade again @0.7553 stoploss closing above 0.7575 takeprofit @0.7501
jlg83 jlg83 CADJPY, 240, Long , 10 hours ago
CADJPY: CADJPY
23 3 1
CADJPY, 240 Long
CADJPY
no comment ... go Butterfly, go !
KVE KVE PRO UK100, D, Short , 9 hours ago
UK100: FTSE (UK100): Down said May...
23 0 2
UK100, D Short
FTSE (UK100): Down said May...
Theresa did her best to give the FTSE some relief... We have a maximum butterfly which got a little overextended... I'm not the one to just rush in but I think it's good to get short on retracements now... Targets are 7099 and 6938, EMA55 is now around 7000 so I think we should at least get to around that ...
m0di m0di PRO AUDUSD, 60, Short , 21 hours ago
AUDUSD: AUDUSD #1H - Bearish Butterfly - Short
40 0 1
AUDUSD, 60 Short
AUDUSD #1H - Bearish Butterfly - Short
Happy New Year all of You, and finally I'm Back Bearish Butterfly Setup completed Entry: 0.7528 SL: 0.7554 (-25) TP1: 0.7489 (+39) TP2: 0.7481 (+47) TP3: 0.7474 (+54) Before entry, check lower time frame for price action, to confirm our trade.
taksistalo taksistalo NZDJPY, 240, Short , 2 hours ago
NZDJPY: 2618 trade sets up + Butterfly complition
11 0 1
NZDJPY, 240 Short
2618 trade sets up + Butterfly complition
Lets see if this will go as planned
hopscotch hopscotch HEJ2017, D, 3 hours ago
HEJ2017: Lean Hogs
1 0 1
HEJ2017, D
Lean Hogs
April Lean Hogs saw no advancement off the bullish flag. A Doji was created today suggesting a possible reversal. Also this market has achieved the mini Cypher pattern and getting close to the major Cypher. Will this become a Butterfly? Be cautious on your trade. Upside may be to 70.725 area. Downside to 67.90 area ...
Humair123 Humair123 EURJPY, 240, Short , 2 days ago
EURJPY: EUR/JPY Butterfly BUY
27 0 3
EURJPY, 240 Short
EUR/JPY Butterfly BUY
EUR/JPY Butterfly BUY H4 TIME FRAME.. . RSI GIVES COMFIRMATION AND OTHER TIMEFRAMES ALSO :) HOPE YOU ALL ARE AGREE WITH ME :)
madi052893trading madi052893trading EURJPY, 240, Long , 2 days ago
EURJPY: Long on the EURJPY
20 0 4
EURJPY, 240 Long
Long on the EURJPY
Butterfly Pattern is already completed. We can go LONG and SL would be below the 161.80% of the XA fib inversion.
dmeacham12 dmeacham12 PRO USDCHF, 15, Long , 2 days ago
USDCHF: Butterfly Pattern
24 0 4
USDCHF, 15 Long
Butterfly Pattern
Butterfly Pattern possible on Dollar/Franc
pixi pixi XAUUSD, D, Long , 2 days ago
XAUUSD: Retracement or strong bullish move
721 3 37
XAUUSD, D Long
Retracement or strong bullish move
Hi, A little update since my previous post on mid-december https://www.tradingview.com/chart/XAUUSD/Y9LXlVBW-Bullish-Butterfly-on-1127/ Targets remain almost the same. I'm long at $1123.8 and closed $1127 long at $1160. UsDollar shows some weakness in this early new year, the trump effect is over. That's why i ...
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