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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.
WayAtTheEnd WayAtTheEnd EOSBTC, 120,
EOSBTC: Potential short-term bullish butterfly in EOS calls for ~7% drop
189 0 2
Potential short-term bullish butterfly in EOS calls for ~7% drop

I'm still long on EOS in the long-term, but very short-term and possibly medium term bearish. The bottom of the potential butterfly pattern would form a medium-term double bottom if price reverses at point D. The green zone is my "ideal accumulation zone" from past analysis linked to in "related ideas" - an zone I suspect is quite possible after the hype of the ...

Doji2Pips Doji2Pips EURAUD, 60, Short ,
EURAUD: Butterfly Pattern
41 0 1
EURAUD, 60 Short
Butterfly Pattern

Bearish Butterfly near D completion. Entry, Stops, & Targets on chart.

JuanGrooth JuanGrooth US30USD, 30, Long ,
US30USD: US30 Bullish Butterfly
194 0 3
US30USD, 30 Long
US30 Bullish Butterfly

A bullish butterfly with RSI BAMM divergence completed on US30.

froni69 froni69 USDCAD, 1D,
111 0 1

2 options for this pair.......What does the future say?

erikarter erikarter USDCAD, 1D, Short ,
USDCAD: Bearish Butterfly on USD/CAD
240 2 7
USDCAD, 1D Short
Bearish Butterfly on USD/CAD

Bearish Butterfly on USDCAD

dinhchien dinhchien AUDCHF, 1D, Short ,
116 0 7
AUDCHF, 1D Short

short at rule retractment 61.8-78.6 stoploss if break 88.6 take profit at Butterfly Harmonic ratio I predict he will drop from wave 3 - 4

Doji2Pips Doji2Pips USDCAD, 240, Short ,
USDCAD: Bearish Butterfly
126 0 2
USDCAD, 240 Short
Bearish Butterfly

D completion just met for a sell on the 4 hr chart. Chart shows entry, stops, & targets.

FinanceRhino FinanceRhino MRK, 240, Short ,
MRK: Bearish Butterfly
39 0 3
MRK, 240 Short
Bearish Butterfly

Bearish Butterfly with bearish divergence. Purchased the July 60 puts @ .72

LewisGlasgow LewisGlasgow XAUUSD, 60, Long ,
XAUUSD: XAU/USD - Bullish Butterfly
1836 22 39
XAUUSD, 60 Long
XAU/USD - Bullish Butterfly

Hello traders, it appears XAU/USD is now forming a bullish butterfly pattern on the 1h chart in addition to a bullish 5-0 which I posted on here at the beginning of February. You can see more on this analysis below. https://www.tradingview.com/chart/XAUUSD/YZEpwVZc-XAU-USD-Bullish-5-0/ Two valid harmonic setups are forming in the same area, the bullish 5-0 at ...

itradeandwin itradeandwin USDCAD, 240, Short ,
USDCAD: USDCAD Bearish Butterfly and Short Opportunity
264 0 4
USDCAD, 240 Short
USDCAD Bearish Butterfly and Short Opportunity

As described in the chart. Note: Entry alert will be sent to Premium Members. DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

WayAtTheEnd WayAtTheEnd SNGLSBTC, 1D, Long ,
SNGLSBTC: Bullish butterfly in SingularDTV(SNGLS)
93 0 3
Bullish butterfly in SingularDTV(SNGLS)

Based on the success of Netflix, this one could be huge. It's a crypto though... always be careful... set a stop a bit below point D for a pretty decent risk:reward ratio. Conservative targets: B and C Aggressive targets: A and red zones

slrocheleau slrocheleau AMZN, 240, Short ,
AMZN: Confirmed Bearish Butterfly & Bearish Deep Crab > Active Trade
145 2 1
AMZN, 240 Short
Confirmed Bearish Butterfly & Bearish Deep Crab > Active Trade

You can get a July PUT for $460. It will limit your risk to $460. If you get in the money you'd make $40,000. That's what you call great R/R

iSaleh iSaleh DXY, 1D,
DXY: DXY - Daily (Sell)
82 0 6
DXY - Daily (Sell)

Hello there, As everyone knows, the DXY is very important and it will help us know the direction of the currency in general. and from our chart, we can see the DXY and we understand that it will fall (weak), so, next week the dollar will be on sale - inshallah. Good luck,

Fxprotrader Fxprotrader EURUSD, D,
EURUSD: How To Trade Harmonic Patterns The Right Way (Educational)
3747 12 52
How To Trade Harmonic Patterns The Right Way (Educational)

There is a debate among traders about harmonic patterns, and if they bring the desired results. I believe that most of the systems and strategies work, but only if you know how to use them. Usually traders who trade the harmonic pattens, just open a chart and try to indetify a pattern and as soon as it completes they jump into the trade. In my eyes this is a wrong ...

WayAtTheEnd WayAtTheEnd NAVBTC, 240, Long ,
NAVBTC: NAV at the PRZ of yet another bullish butterfly pattern
131 0 3
NAVBTC, 240 Long
NAV at the PRZ of yet another bullish butterfly pattern

Not much more to say here. This is all over the market.

KyleMcQuade KyleMcQuade XAGUSD, 60, Short ,
XAGUSD: XAG/USD - Bearish Butterfly
321 8 8
XAGUSD, 60 Short
XAG/USD - Bearish Butterfly

What's up traders. Looking at another bearish position today, this time we have a butterfly formation on silver against the dollar. The price of silver has been moving sidewards for over a year now and we are starting to see price become very compressed. The daily chart is sowing price being squeezed into a triangle formation (the high of which is set around the ...

TerryHarmonicTrading TerryHarmonicTrading GBPJPY, 60, Short ,
GBPJPY: GBPJPY - Could CPI data complete this bearish butterfly?
296 1 9
GBPJPY, 60 Short
GBPJPY - Could CPI data complete this bearish butterfly?

GBP CPI data will be announced in roughly 2 hours. This is a bearish butterfly pattern that could complete when the data is released. These are the levels you should pay attention this week if you trade GBPJPY. Wait for a reaction when the pattern completes before you go short, strongly recommend not to use a pending order to trade harmonic patterns. EP ...

mortdiggiddy mortdiggiddy EURUSD, 60, Long ,
EURUSD: One more leg?
781 1 17
EURUSD, 60 Long
One more leg?

Looks like EU and GU are running out of gas. $DXY $TLT $GBPUSD $USDJPY $GLD $SLV

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