This is the first time you will ever see me giving speculation on the market, but this is a very speculative Bearish Butterfly in development on the Weekly Time Frame. First we'd need confirmation of the potential Descending triangle. But how I came up with these targets and patterns is using the same math and patterns that have developed in the 2017 bull run and...
On the daily timeframe on the spike of the right wing of the butterfly there is a candlestick pattern “shooting star”.
I hope bearish butterfly pattern has completed its formation.
To be sure of reversal, you can wait for the next candlestick to appear.
A Bearish Butterfly set in on the 4-hourly chart(right) but by having that it will break the prefered sell zone. For my plans for selling opportunity will be the classic reversal setup I'm waiting for MC+confirmation within the sell zone.
On the 1-hourly chart seems like a bull flag is likely to form, I will wait for a retest into the buy zone for a buying...
We have a bearish butterfly on the daily TF for the pair NEO/BTC. At the same time we have an ascending triangle which breakout could reach D to go down to pursue the downtrend initiated at the begin of April.
The RSI was also very bearish, it crossed the 50 line now but could dive again if the pattern is confirmed.
For the long part: from the breakout until we...
We have bearish signals on the BNB/BTC on the daily TF.
On the harmonic pattern side we have a Bearish Butterfly while on the technical indicators side we can see also bearish divergences on the RSI and the MACD.
The BNB can start to retrace a bit which can be a good opportunity for a short.
FX:XAUUSD Weekly Analysis - Money Is Coming to Me.
Potential Bullish Shark Pattern 1.13
Potential Bearish Butterfly Advanced Pattern AC 1.272
Support and Resistance Levels
Fibonacci Retracement Levels
This is an adjustment from the previous Weekly analysis.
The Money Journey -...