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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.
wanadigital wanadigital PRO CADCHF, D, Long ,
CADCHF: CADCHF BATTERFLY BEAR |H4| BUY & SELL
42 2 5
CADCHF, D Long
CADCHF BATTERFLY BEAR |H4| BUY & SELL

Butterfly Bear with Buy and Sell opportunities.

lyl89 lyl89 EURUSD, D, Short ,
EURUSD: EURUSD - Butterfly Pattern Completed on Daily Chart
207 0 6
EURUSD, D Short
EURUSD - Butterfly Pattern Completed on Daily Chart

A bearish butterfly pattern has completed with RSI at overbought level. Current daily candle and RSI are dropping at the moment. Good to short using H4 chart or wait till tomorrow. Note that this is a counter-trend trade, do trade with caution. R:R at 2.85, not looking at TP2 as it's counter-trend. Good luck.

DahmanoVsky DahmanoVsky AUDUSD, 30,
AUDUSD: AUDUSD AB-CD
61 0 3
AUDUSD, 30
AUDUSD AB-CD

AUDUSD AB-CD

MasonEntrican MasonEntrican PRO ETHUSD, 60, Long ,
ETHUSD: ETH Bullish Butterfly Harmonic
622 3 2
ETHUSD, 60 Long
ETH Bullish Butterfly Harmonic

The bullish butterfly harmonic has been fulfilled and is now sitting along a fib support level. It would be nice to see a flash crash to a full and complete 1.618 extension for a perfect entry but that may be wishful thinking. Set stops below the .618 fib.

Dem456 Dem456 HTZ, D,
HTZ: Bearish Butterfly
30 0 1
HTZ, D
Bearish Butterfly

HTZ, no position I just like the setup and want to see if it fills the pattern in, still learning.

wanadigital wanadigital PRO CHFJPY, D, Long ,
CHFJPY: CHFJPY BUTTERFLY BEAR |DAILY| SHORT
112 0 3
CHFJPY, D Long
CHFJPY BUTTERFLY BEAR |DAILY| SHORT

The CHFJPY is in the middle of its corrective phase which started when price action touched the lower end of its horizontal resistance area. After that this currency pair has accelerated to the downside. I expect a continuation of the down-trend until price action can challenge its horizontal support area. Any level above 114.000 represents a good entry ...

lyl89 lyl89 AUDCHF, 60, Long ,
AUDCHF: AUDCHF - Potential Butterfly Pattern on H1 Chart
51 0 1
AUDCHF, 60 Long
AUDCHF - Potential Butterfly Pattern on H1 Chart

A bullish butterfly pattern seems to be completing. Price almost hit all points of PRZ previously, I'm hoping to see the pattern complete. Nice R:R at 2 (TP1) and 2.8 (TP2). Good luck.

Dem456 Dem456 JCP, D,
JCP: Bearish Butterfly
51 0 2
JCP, D
Bearish Butterfly

JCP, The numbers are a little tight on this one so I'm neutral. Still learning

KyleMcQuade KyleMcQuade PRO AUDJPY, 240, Short ,
AUDJPY: AudJpy Bearish Bat
207 0 4
AUDJPY, 240 Short
AudJpy Bearish Bat

This morning, the AUD trade balance was released below consensus. Expected at a surplus of 550M; however, the release came out at a shortage of -628M. Here we have a bearish bat on the Aussie-Yen. Price is well overbought, so I will be keeping an eye on the 4 hour and daily chart candles for sign of a reversal. Price has broke the weekly trend line completely ...

LewisGlasgow LewisGlasgow PRO ETHUSD, 240,
ETHUSD: Ethereum - Harmonic Outlook
5753 43 94
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 ...

ErdemBP ErdemBP EURJPY, W, Short ,
EURJPY: EUR/JPY HARMONIC BUTTERFLY PATTERN /W
115 0 2
EURJPY, W Short
EUR/JPY HARMONIC BUTTERFLY PATTERN /W

A long term short analysis,

Dem456 Dem456 LEDS, D, Long ,
LEDS: Bullish Butterfly
54 0 2
LEDS, D Long
Bullish Butterfly

LEDS, Set Buy Limit order with other cancels other order for stop/target price. I'm going to try something new and predict that the next candle will be a filled green candle with long shadows on one or both sides. Buy Limit order: $3.20 Stop Loss: $2.60 Target Price: $6.30 Time Frame: Feb 9th

Fx-Nature Fx-Nature LTCUSD, 720, Long ,
LTCUSD: LTCUSD - Possible upward pressure...
225 0 3
LTCUSD, 720 Long
LTCUSD - Possible upward pressure...

Left chart: Geometrical view Right chart: Harmonic view Technically LTCUSD sits in corrective triangle...I expect some more upside pressure, so safe scenario says buy the triangle breakout after retest with Target profits marked on the left chart. For harmonic traders there is nice area to catch a short in 355-360$ area... Trade responsibly.

mortdiggiddy mortdiggiddy PRO USDJPY, 240, Short ,
USDJPY: 109.50 Target
982 4 22
USDJPY, 240 Short
109.50 Target

$GLD $TLT $GDX $IWM $SPY VXX Hits Top of weekly range at Month Cam R3.

tntsunrise tntsunrise TOP SPX500, 60, Short ,
SPX500: SPX500 Bearish Butterfly Pattern
4344 9 97
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

lyl89 lyl89 NZDUSD, 60, Short ,
NZDUSD: NZDUSD - Butterfly Pattern on 30M chart
140 0 5
NZDUSD, 60 Short
NZDUSD - Butterfly Pattern on 30M chart

A potential bearish butterfly pattern is spotted on 30min chart. NZDUSD has been on an uptrend for weeks, so it is considered a counter-trend trade. It's a short term trade so I feel its fine. R:R at 1.9 (TP1) and 3.1 (TP2). Good luck.

DaxiDriver DaxiDriver PRO EURUSD, 240, Short ,
EURUSD: Hero Euro
128 0 2
EURUSD, 240 Short
Hero Euro

Good Morning Traders. Euro setup for short. just need 2 find right entry point. we getting into supply zone. Drive safe

FinanceRhino FinanceRhino PRO O, 240, Long ,
O: O Bullish Butterfly
26 0 1
O, 240 Long
O Bullish Butterfly

1.27XA 1.27AB=CD 1.618BC

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