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Butterfly

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 is 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 lie 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.
ironcondor ironcondor PRO USDCAD, 15, Short ,
USDCAD: USDCAD 15 Minute Update | BUTTERFLY Pattern
42 0 5
USDCAD, 15 Short
USDCAD 15 Minute Update | BUTTERFLY Pattern

Butterfly pattern in the works looking for selloff around BC 1.618 to XA 1.27 retracement back to 382 and 50

Gluckmann Gluckmann PRO EURAUD, 60, Long ,
EURAUD: EURAUD (1h) - BUTTERFLY PATTRN ALMOST COMPLETED
81 2 4
EURAUD, 60 Long
EURAUD (1h) - BUTTERFLY PATTRN ALMOST COMPLETED

See chart for my levels. Good trades.

lyl89 lyl89 AUDUSD, 30, Long ,
AUDUSD: AUDUSD - Potential Butterfly Pattern
61 0 4
AUDUSD, 30 Long
AUDUSD - Potential Butterfly Pattern

A bullish butterfly pattern is about to complete. R:R at 1.8 (TP1) and 3.2 (TP2). Good luck.

spyrex spyrex EURAUD, 60, Long ,
EURAUD: EURAUD BULLISH BUTTERFLY
12 0 2
EURAUD, 60 Long
EURAUD BULLISH BUTTERFLY

T1: First Take Profit T2: Second Take Profit VP: Pattern validation price SL: Stop loss

FullTimeTrader FullTimeTrader NZDCAD, D, Long ,
NZDCAD: NZDCAD-D1. Bullish butterfly
130 0 10
NZDCAD, D Long
NZDCAD-D1. Bullish butterfly

A bullish butterfluy already in play. We can see a pinbar showing reaction in the PRZ. SL and targets shown on chart. Best regards.

spyrex spyrex AUDCHF, D, Long ,
AUDCHF: POSSIBLE BULLISH BUTTERFLY
28 0 2
AUDCHF, D Long
POSSIBLE BULLISH BUTTERFLY

T1: First Take Profit T2: Second Take Profit VP: Pattern validation price SL: Stop loss

eyck77 eyck77 CLF2018, W, Short ,
CLF2018: Bearish Butterfly
12 0 1
CLF2018, W Short
Bearish Butterfly

Bearish butterfly seems to be forming on the weekly chart. 1. TP levels usually at 61.8% of CD (for conservative traders) and 127.2% (for aggressive traders) 2. TP could be at point B or C too depending on the technical analysis tools used

LewisGlasgow LewisGlasgow PRO ETHUSD, 240,
ETHUSD: Ethereum - Harmonic Outlook
3530 16 64
ETHUSD, 240
Ethereum - Harmonic Outlook

Traders, I advise you to read this entire post to gain a better understanding of what I'm looking at. It's been a while since my last trading position on ETH, back in August price completed a valid bearish bat pattern (shown on the chart) which was followed by a decline of almost 50% in two weeks. Taking the time to reflect on Ethereum's situation from a ...

Trading_Jazz Trading_Jazz PRO DXY, 480, Short ,
DXY: (8h) 3 Bearish Patterns to Drive... or not ;)
442 2 24
DXY, 480 Short
(8h) 3 Bearish Patterns to Drive... or not ;)

https://www.tradingview.com/chart/EURUSD/T3D391Dj-The-Three-Drives-Pattern-Educational/ With a solid bearish divergence (RSI + MACD) forming the 3drives pattern, but also two different bearish harmonic patterns. The Bearish Butterfly pattern (orange) at 127 extension from X to A, BUT with a point B rejecting the pullback to the 78% retracement for a few pips, ...

FxCanli FxCanli TOP UKOIL, 240,
UKOIL: UkOil / H4 / Buttefly Pattern
1598 8 97
UKOIL, 240
UkOil / H4 / Buttefly Pattern

Hi dear FxCanli Family, we have new trading opportunity Market : Forex Pair : UKOIL Time Frame : H4 Strategy : Butterfly Pattern Risk Ratio : %2 If you dont know how to trade with this analyses, please look at the related ideas at the bellow

I_see_BTC I_see_BTC PRO USDJPY, 240, Short ,
USDJPY: USDJPY - Ideal Bearish Butterfly pattern
67 0 5
USDJPY, 240 Short
USDJPY - Ideal Bearish Butterfly pattern

Bearish harmonic ideal butterfly pattern completed at 113.926. Tested and retested. Seems solid resistance at pattern completion. I'm holding short

tntsunrise tntsunrise TOP SPX500, 60, Short ,
SPX500: SPX500 Bearish Butterfly Pattern
3891 9 88
SPX500, 60 Short
SPX500 Bearish Butterfly Pattern

SPX500 Bearish Butterfly Pattern with Price Action The D point is at 2594.2 now the price breaks new low we can short SPX500 with SL above 2598 Aim 2572 and 2565

wanadigital wanadigital PRO XAGUSD, D, Long ,
XAGUSD: BUTTERFLY BULL | D | SHORT & LONG
91 0 3
XAGUSD, D Long
BUTTERFLY BULL | D | SHORT & LONG

It's my beloved butterfly again presenting itself in the midst of solid support and resistance levels on FX:XAGUSD. I Short it at "C" and Buy it at "D". Remember, "C" point trades are not in the official trading rule-book, but mine allows bending the rules :) FX:XAGUSD Good Luck.

Aliakbar_ Aliakbar_ NZDJPY, 240, Long ,
NZDJPY: NZDJPY: Bullish Advanced Butterfly + RSI Oversold
113 0 6
NZDJPY, 240 Long
NZDJPY: Bullish Advanced Butterfly + RSI Oversold

Im Waiting For a Strong Reversal Candle(1h or 2h) .Then Go Long Position

smartstep78 smartstep78 PRO XAUUSD, W, Long ,
XAUUSD: GOLD- AIM HIGHER LONG TERM
126 0 3
XAUUSD, W Long
GOLD- AIM HIGHER LONG TERM

GOLD MAY CONTINUE HIGHER IF THESE BUTTERFLIES AND HEAD & SHOULDER FORMATION CONTINUES TO TAKE SHAPE ON THE WEEKLY!!!

wanadigital wanadigital PRO GBPCHF, 240, Short ,
GBPCHF: BUTTERFLY BEAR | H1 & H4 | BUY & SELL
30 0 1
GBPCHF, 240 Short
BUTTERFLY BEAR | H1 & H4 | BUY & SELL

It's my beloved butterfly again presenting itself in the midst of solid support and resistance levels. I have no other choice than to Buy it at "C" and Sell it at "D". Remember, "C" point trades are not in the official trading rule-book, but mine allows bending the rules :) It has worked before and so I wouldn't be surprised if it worked again. As always, if I ...

smartstep78 smartstep78 PRO AUDCAD, D, Long ,
AUDCAD: AUDCAD 0.9500 SUPPORT
53 0 2
AUDCAD, D Long
AUDCAD 0.9500 SUPPORT

AUDCAD FORMING BULLISH SHARK AND BUTTERFLY AT 0.95

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