Hello, Bearish Butterfly in Axisbank 1Hour time frame. Note: This chart is only for study and reference purpose.
Hello, Bearish Butterfly in SGX Nifty. Note: This chart is only for reference and study purpose.
Something i been tracking for a bit on NVDA lets see if it plays out.
Harmonic Readings: Price entered Butterfly PRZ in H4 Chart Timeframe Indicator: RSI Extremely Overbought Indicator: Cycle Sniper Waiting for H1 Confirmation Good Luck!
Forming a bearish butterfly pattern. Target 1 - 10983 Target 2 - 11098
We could see price has been moving sideways for some time for EURUSD. In my opinion there is a bearish butterfly pattern forming now and price pretty much exhausted. There is a resistance at 1.1450 and price failed to break above it cleanly. At the same time, a bearish divergence can be spotted on stochastic so i am going to sell EURUSD from this point. Sell...
A bearish butterfly pattern is so close to being triggered, for this trading setup, a bearish engulfing candle is required to show at Point D before I look for any shorting opportunity, the reason for that is because the movement from C to D is pretty much a single direction(persistence upward movement). Don't just trade blindly, look through the candle movement...
The Point D completion on the bearish butterfly, if the candle closes above the consolidation zone it can be a warning sign. Let's see how the candle close. If the candle break and close above it I will be looking at the reaction on the Resistance level, if breaking and close above of it may cause me to close my longer-term trade(link at bottom)
GOLD IS FORMING A BEARISH BUTTERFLY ALONG WITH PRICE EXHAUSTION AT KEY RESISTANCE LEVELS. IT MAY BE TIME TO SHORT, WATCH PRICE ACTION AT COMPLETION.
The completion of the bearish butterfly pattern, I'm waiting for a shorting opportunity, the nice thing about this formation is that the Point D completion is at the previous resistance. The not so nice thing is that it is not at the furthest end nor it's a trend trading opportunity. Candlestick pattern confirmation is important.
LTCUSD LOOKS LIKE A BUY RIGHT NOW, BUT MY FORECAST IS FOCUSSED ON 2-3 WEEKS IN THE FUTURE BASED ON THE LIKELIHOOD OF A BEARISH BUTTERFLY PATTERN FORMATION COMPLETING. MAYBE IT'S AN IDEA TO KEEP AN EYE ON. ENJOY THE WEEKEND MY FRIENDS & FELLOW TRADERS!
MARK looking like a possible bearish butterfly. Break over (B) confirms. Until then, I am looking to long on trend line (blue), add to winner on butterfly confirmation ( over (B)), with profit target the green 1.27 extension. The safe play is to wait till (D) completion, but who needs safe.
Textbook bearish butterfly accompanied with previous market structure. We are at the competition of the butterfly (D) so I will be looking to get short off the open, risking a point above D. Profit target $7.60 ( green .382 retracement) where I may look to flip long.
Details in chart. Huge FOMO rush to pile back in left a monster gap to fill 90 pips below. Another big gap at 2538.2 never filled. It will fill... Time cycles projected above, top-to-top time is ~ biweekly, 3-4 up days, 2-3 down days, 3-4 up days, ~ nine sessions. Trading >2SD above 20DMA, green line. This has been the magnet drawing price reversion to mean....
A bearish butterfly Type3 setup within the sell zone pans for a shorting opportunity. Yes Type3. Forex Trading it is very possible for a Type3 setup, a candle confirmation is required. Do note that there is a higher low, do engage the trade with caution.
Caught sight of what could possibly be a butterfly harmonic price pattern. Price appears to be on final leg to complete pattern; would take a while to complete though. Worth the wait? Try to draw out pattern to confirm for personal confirmation. Best Wishes!!!
Waiting for a check back on this bearish bat that coincides with a Bearish Butterfly TypeII setup that is on the 4-hourly and 1-hourly timeframe.
A shorting opportunity on a bearish butterfly pattern setup on the HOP level which is also a resistance level on the 4-hourly chart. I will wait for a retest for a shorting opportunity.