Community Ideas Harmonic Patterns

Butterfly

Bearish Butterfly Bullish Butterfly

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MAZN Bearish Butterfly Pattern Will Start at 134$.

AMZN

, 3D

SEYED98 Updated

The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D. It helps you identify when a current price move is likely approaching its end. This means you can enter the market as the price reverses direction. The above chart is a bearish version of the pattern, where you would be look to sell AMZN after the pattern has...

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.

Shibausdt... Harmonic pattern

SHIBUSDT

, 1W

Baharmostofi

I saw the reverse shoulder pattern and ascending butterfly pattern, it can break even that target as before and go higher if lucky 😉

a RTY Bullish Butterfly Pattern 🦋 Will Start at 1690

RTY

, 3D

SEYED98 Updated

the detail is shown in the above Chart. I made this Idea based on Candlestick Analysis and Fibonacci Tool. RTY buyers are burned in black rectangle ( 0.618 golden level ) Therefore I expect that RTY Buyers are ready in level 1.27 and 1.618 a Bullish Butterfly Pattern 🦋 Will Start at 1690 .

Weekly Marubuzu Candle & Hourly Bearish Patterns

NZDUSD

, 1DShort

RaynLim

NZDUSD presents a Bearish Butterfly Pattern on the Daily Chart, tempting many traders to consider shorting. However, a note of caution: ensure the candle breaks and closes above the PRZ (red box) for confirmation before proceeding. My strategy leans towards prudence, awaiting further validation through the Bearish Shark Pattern on the 1-hourly chart at 0.6219....

Shibainu ... Update new Tecnicall analyst

SHIBUSDT

, 1D

Baharmostofi

I see an ascending butterfly pattern for Shiba, as I said before. But Shiba can complete this pattern after the pullback, so going down fast and then pumping Shiba is not out of mind. Shiba After completing the pullback, it can grow significantly.

The reduction target is 16,500

HSI1!

, 1DShort

Tontine_Coffee_House Updated

According to the Butterfly pattern, the Fibo perfectly converges the decline at the target of 16500. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by October, there will be a great point for going to long.

The reduction target is 5.5-6$

MOMO

, 1DShort

Tontine_Coffee_House Updated

According to the Butterfly pattern, the Fibo perfectly converges the decline on the target of $ 5.5-$6. The timing is not clear when we will get there, but according to the schedule of the decline of #HSI1, we should reach it by October 2023, there will be an excellent point for going to long to new heights.

The reduction target is $70-73

BABA

, 1DShort

Tontine_Coffee_House Updated

According to the Butterfly pattern, the Fibo perfectly converges the decline to the target of $ 70-73. The timing is not clear when we will get there, but according to the schedule of the decline of #HSI1, we should reach it by October 2023, there will be an excellent point for going to long to new heights.

Miloinu ,,, harmonic pattern

MILOUSDT

, 30Long

Baharmostofi

I see an ascending butterfly pattern in this chart, this currency can grow significantly, I also analyzed it based on Fibonacci and it seems that it can surprise me.

Shibainu ... Harmonic pattern

SHIBUSDT

, 1DLong

Baharmostofi

I see an ascending butterfly pattern in this chart, it is likely to have significant growth. I see an ascending butterfly pattern in this chart, it is likely to have significant growth.

VIX Sniper Butterfly

VIX

, 1D

SEYED98 Updated

the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools. ViX makes a really pretty Butterfly XB: 0.78 . XD :1.27 Good Luck

Effort of the Young Green Butterfly to Raise the Siemens Flag

SIE

, 3D

SEYED98 Updated

the detail is shown in the above Chart. I made this Idea based on Candlestick Analysis and Fibonacci Tool . The Buyers' Crab could reach the highest point at the price of 167 euros. The Bearish trend started and siemens flag is falling and approaching to the golden level of buyers crab . The past trend of sellers' candles has formed a motivated green...

#APE Daily

APEUSDT

, 1D

bojassm2255 Updated

This is my technical opinion and not a recommendation to buy or sell

GBPCAD SELL OPPORTUNITY

GBPCAD

, 1DShort

nicehood

Beautiful cypher/ butterfly pattern. Price at a heavy resistance zone and expected to fall to 75 expo. moving average zone.

USDJPY: 3 Line Strike at the PCZ of a Bearish Bat

USDJPY

, 1DShort

RizeSenpai

Similarly to around the same time last year when USDJPY was at these levels, it had developed a 3 Line Strike at the PCZ of a Bearish Harmonic, and if it goes like last year, this will result in at least a few months of downside on this pairing. There is also some Bearish Divergence formed on the RSI at this level. Additionally, there is a much bigger Macro...

EURJPY ADVANCE HARMONICS PATTERN

EURJPY

, 240Long

TradeChartPatternsLikeThePros Updated

EURJPY has formed an advance harmonics pattern on its hourly chart. The price is trading above the EL: 142.976. ST: 142.548 wall: 38% AD: 143.743 targets 62% AD: 144.479 79% AD: 145.000 127% AD: 146.523 162% AD: 147.597

Netflix Butterfly 🦋 is Trying to Fly to Next Golden Level.

NFLX

, 2W

SEYED98 Updated

the detail is shown in the above Chart. I made this Idea based on Harmonic pattern using Fibonacci tools. We can expect that Netflix Rise up more to reach the golden level and at this point ,a bearish butterfly pattern will start. To trade a bearish Butterfly pattern, place your sell order at point D (the 127% Fibonacci extension of the X-A leg), position your...