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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.
alejorockinme alejorockinme ETHUSD, 60, Short ,
ETHUSD: Bearish Butterfly on Ethereum
124 0 1
ETHUSD, 60 Short
Bearish Butterfly on Ethereum

Bull run is probably over. Waiting for Daily Confirmation Target 1: 600 Target 2: 560

Dem456 Dem456 AUY, D, Short ,
AUY: Bearish Butterfly
152 9 4
AUY, D Short
Bearish Butterfly

AUY, Set other cancels other order for target/stop prices, still learning. Target: 3.20 Stop: 3.90 Time Frame: March 1st

nsakthideva nsakthideva EURUSD, 240,
EURUSD: EURUSD BUTTERFLY PATTERN CHECK...
202 4 11
EURUSD, 240
EURUSD BUTTERFLY PATTERN CHECK...

HI GUYS DONT TRY WITHOUT COMPLETE THE PATTERN EURUSD PATTERN CHECK Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is ...

Gmanns777 Gmanns777 XVGUSD, 1D, Short ,
XVGUSD: Verge & Pornhub News = Completion of Bearish Butterfly
06:05
1046 2 8
XVGUSD, 1D Short
Verge & Pornhub News = Completion of Bearish Butterfly

Was it the pattern that caused the price drop yesterday or the news?? this is the question that is super interesting to me. If you plotted the fib on this chart and price made a B at or very near to 78.6% level and then we got a C between .382 & .236 we can then expect price to complete the butterfly and get up to 1.272 or 1.618 extension. In this case price ...

YardleyRosette YardleyRosette BTCUSDT, 90, Short ,
BTCUSDT: Multiple Bearish Indications for Bitcoin
475 0 9
BTCUSDT, 90 Short
Multiple Bearish Indications for Bitcoin

Lowest ideal price target according to set up patterns, Bearish Butterfly target: $7,300; H&S, and Broadening wedge pattern target $7,400 Fibonacci 161.8% $7,500

jamshid1994 jamshid1994 USDCHF, 240, Short ,
USDCHF: USDCHF Sell Trading Plan
185 0 2
USDCHF, 240 Short
USDCHF Sell Trading Plan

Reasons that may push USDCHF -0.01% down Reason 1: Test of Resistance TL Reason 2: D leg of Bearish ABCD pattern Reason 3: D leg of Bearish Butterfly pattern We just need some clear Sell signals on smaller TFs such as H1 or M30

dinhchien dinhchien GBPNZD, 1D,
GBPNZD: GBPNZD WILL GO TO NEXT MONTH
50 0 1
GBPNZD, 1D
GBPNZD WILL GO TO NEXT MONTH

Just for me

tntsunrise tntsunrise EURUSD, 60, Short ,
EURUSD: SHORT EURUSD NOW for butterfly Pattern
9160 51 70
EURUSD, 60 Short
SHORT EURUSD NOW for butterfly Pattern

SHORT EURUSD NOW Butterfly Pattern together with Bearish Engulfing Candle SL: 1.2350 TP1: 1.2260 TP2: 1.2220 TP3: Hold for long time

FinanceRhino FinanceRhino DWDP, 1D, Long ,
DWDP: Bullish Butterfly
82 0 7
DWDP, 1D Long
Bullish Butterfly

Bullish Butterfly with bullish divergence. Price has stabilized and broken out of the potential reversal zone (purple box). Measurements - 1.276XA - 1.27AB=CD - 2.0BC

FinanceRhino FinanceRhino USDJPY, 240, Short ,
USDJPY: Bearish Butterfly
264 0 9
USDJPY, 240 Short
Bearish Butterfly

Bearish Butterfly with bearish divergence Measurements - 1.276XA - 2.24BC - 1.27AB=CD

LewisGlasgow LewisGlasgow XAUUSD, 60, Long ,
XAUUSD: XAU/USD - Bullish Butterfly
1650 11 35
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 ...

nsakthideva nsakthideva AUDJPY, 240, Short ,
AUDJPY: AUDJPY WAITING FOR BUTTERFLY COMPLETE
27 0 3
AUDJPY, 240 Short
AUDJPY WAITING FOR BUTTERFLY COMPLETE

HI GUYS KEEP WATCH AUDJPY COMPLETE BUTTERFLY PATTERN Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for ...

DahmanoVsky DahmanoVsky GBPUSD, 60, Long ,
GBPUSD: GBPUSD
70 0 1
GBPUSD, 60 Long
GBPUSD

GBPUSD

AMTrader AMTrader GBPUSD, 1D, Short ,
GBPUSD: GBP/USD Bearish Butterfly Pattern
156 0 4
GBPUSD, 1D Short
GBP/USD Bearish Butterfly Pattern

GBP/USD Bearish Butterfly Pattern A medium term shorting opportunity for GBP/USD. Pricehas been rejected at the 1.43455 and 1.43766 level, thus forminga double top. Yesterday's nose dive found support at the 10 SMA (Blue line), however, a look at the Stochastics indicates that this pair is currently overbought and regardless of the economic data to be ...

Trader_Joe_Lee Trader_Joe_Lee USDJPY, 240, Short ,
USDJPY: USDJPY Butterfly,2618 and supply zone short opportunity
323 2 7
USDJPY, 240 Short
USDJPY Butterfly,2618 and supply zone short opportunity

USDJPY has a butterfly, 2618, and supply zone combination short opportunity. It also has a tiny, imperfect bearish bat is forming. So 2618 and bat 2 entries with same out could be a solid trade, if it can have an hourly reversal sign there, it could be even better! Let's see how it goes!

FinanceRhino FinanceRhino TEVA, 240, Long ,
TEVA: Bullish Butterfly
113 0 3
TEVA, 240 Long
Bullish Butterfly

Bullish Butterfly with bullish divergence Measurements - 1.276XA - 2.618BC - AB=CD

dinhchien dinhchien GBPUSD, 1D, Short ,
GBPUSD: GBPUSD - short at Wave 5 elliot & Butterfly
331 0 5
GBPUSD, 1D Short
GBPUSD - short at Wave 5 elliot & Butterfly

* Stoploss if break 161.8

slrocheleau slrocheleau EURGBP, 30, Long ,
EURGBP: Bullish Butterfly > Inverse H&S  Confirmation > Buy Stop @ .8665
148 0 6
EURGBP, 30 Long
Bullish Butterfly > Inverse H&S Confirmation > Buy Stop @ .8665

Place buy stops at .8665 . TP .8717 ..l.. ()(-_-)() ..l..

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