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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.
neimiyu neimiyu XAUUSD, 15, Long ,
XAUUSD: XAU/USD
97 0 5
XAUUSD, 15 Long
XAU/USD

XAU/USD

PeterGuo PeterGuo DXY, D, Long ,
DXY: DXY
57 0 3
DXY, D Long
DXY

BUY

Cenk_CAKIRAL Cenk_CAKIRAL GBPAUD, 60, Short ,
GBPAUD: Butterfly Advanced Pattern
46 0 1
GBPAUD, 60 Short
Butterfly Advanced Pattern

Butterfly Advanced Pattern

pixi pixi BTCUSD, D, Long ,
BTCUSD: Buy area
536 6 15
BTCUSD, D Long
Buy area

Hi, 2 patterns confluence around $1900 (see chart). Demand zone.

PietroCasoar PietroCasoar PRO AUS200, 240, Short ,
AUS200: AUS200 Possible Bullsih Butterfly Pattern Forming?
43 1 11
AUS200, 240 Short
AUS200 Possible Bullsih Butterfly Pattern Forming?

It is possible that we have a Bullish Butterfly Harmonic Pattern forming and on confirmation, a SHORT setup can be triggered. My elliott wave count also lends credibility to this idea as it seems we are approaching the end of a Wave Y corrective structure. MACD however suggests downwards move as well as RSI as having already completed overbought status. However ...

PietroCasoar PietroCasoar PRO TSLA, D, Long ,
TSLA: Possible Wave 3 in progress going LONG
115 0 13
TSLA, D Long
Possible Wave 3 in progress going LONG

It seems we have a possible Wave 3 in progress going LONG on the Daily, all the way to the top of the trendline. There is however, a possibility that price action will reverse and form a Bearish Butterfly Harmonic pattern, where a more precise entry setup would be visible, after pinning the Blueberry EMA. Water and Mayo EMAs show current uptrend which would ...

caseywarning caseywarning PRO EURJPY, 240,
EURJPY: EUR/JPY Two Possibilities - Must Wait for Market Conformation
144 1 10
EURJPY, 240
EUR/JPY Two Possibilities - Must Wait for Market Conformation

Hi Mates, Here we have two possibilities in EURJPY... The bullish butterfly will complete at the bottom of the pink structure if price action does not reverse course at the blue box, indicating possible completion of the bearish butterfly (the grey structure). I will update as I see the price action develop. No trades will be taken until a structure completes. ...

PietroCasoar PietroCasoar PRO TWTR, D, Short ,
TWTR: High Probability SHORT on the Daily for a Bullish Butterfly Conf
77 0 15
TWTR, D Short
High Probability SHORT on the Daily for a Bullish Butterfly Conf

It seems we have a good setup here for 2 trades. The first is a SHORT and the second is a LONG, after the harmonic pattern confirmation. This seems to be a very high probability trade on the Daily for Twitter Inc, where price action has reached a significant resistance area and point in the structure, at the top of the channel/trendline, where a very high ...

PietroCasoar PietroCasoar PRO AAPL, D, Long ,
AAPL: Overall Bullish trend to complete a wave 3 with butterfly entry
71 0 13
AAPL, D Long
Overall Bullish trend to complete a wave 3 with butterfly entry

It seems we have an overall LONG on a BULLISH trend for a Wave 3 completion. There is also a possible Bullish Butterfly pattern available in the Hourly chart to use as an Entry point on this stock. All EMAs show Bullish trend confirmation with TDI also giving previous overbought signal confirmation on the potential Bullish Butterfly about to form. In my opinion ...

PietroCasoar PietroCasoar PRO GBPUSD, D, Long ,
GBPUSD: Possible current Wave 4 Intermediate with Harmonic confirmation?
57 0 13
GBPUSD, D Long
Possible current Wave 4 Intermediate with Harmonic confirmation?

It seems we have a beautiful setup on this pair, with a Wave 4 on the Intermediate Period possibly half way before confirmation of Bullish Bat/Bullish Butterfly Harmonic patterns to then trade the SHORT on a wave 5 Intermediate. These moves are quite large which means I will trade the wave 4 up to possible entry #A (and if it continues upwards to Entry #B, I ...

j_nathan j_nathan USDCAD, D, Short ,
USDCAD: USDCAD Bearish Butterfly
275 0 12
USDCAD, D Short
USDCAD Bearish Butterfly

USDCAD 1 Day - Bearish Butterfly - 12/28/16<<>>05/02/2017 Legs A,B,C completed. Leg D satisfied (BC 1.618) 2 days ago 1.37272 Leg D has room to play above 1.37272 some more but last nights action hit multiple walls 1.3746 candles. Short Fib study (1.36499 - 1.37575) .382 1.37164 - sustaining below is key 1st step down .618 1.36910 .786 1.36729 - possible ...

BaliShag BaliShag PRO GER30, 240, Long ,
GER30: 4h bounce at Butterfly + WW 5 or AB=CD + WW 5'
206 0 6
GER30, 240 Long
4h bounce at Butterfly + WW 5 or AB=CD + WW 5'

Dax has been acting rather harmonic lately and now we've got another Butterfly completed on the 4h, while a beautiful bullish Wolfe Wave is in play. I'm still expecting a much larger correction in the long term, but I think we could see a nice run from around here or the bigger daily AB=CB at the fake out in daily + weekly demand, before bears eventually takes ...

PriceActionJungle PriceActionJungle DE30EUR, 240, Long ,
DE30EUR: When everyone else are bearish here is option for you
43 1 5
DE30EUR, 240 Long
When everyone else are bearish here is option for you

Dax broke down last week and people panicked. If you prefer bullish view for swing trading, here are two bullish harmonic pattern for you. First is butterfly which is smaller and second one is gartley which is much bigger pattern.

Sachinsyd Sachinsyd NIFTY, W,
NIFTY: NIFTY bearish butterfly nearing completion
174 0 4
NIFTY, W
NIFTY bearish butterfly nearing completion

NIFTY bearish butterfly CAKE anyone! Fib Extension is the Cherry on top!!

Fxprotrader Fxprotrader EURUSD, D,
EURUSD: How To Trade Harmonic Patterns The Right Way (Educational)
1529 11 41
EURUSD, D
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 ...

Ali_Wibowo Ali_Wibowo XAUUSD, 120, Short ,
XAUUSD: XAUUSD Trading Idea
117 2 6
XAUUSD, 120 Short
XAUUSD Trading Idea

Salam

Korastiz Korastiz PRO IOTUSD, 120, Short ,
IOTUSD: IOTA/USD Bearish Butterfly Pattern on 2h Candles Chart
129 13 7
IOTUSD, 120 Short
IOTA/USD Bearish Butterfly Pattern on 2h Candles Chart

Description on chart.

nastyrabi1987 nastyrabi1987 GBPUSD, 240,
GBPUSD: up trend
23 0 2
GBPUSD, 240
up trend

if breeak out up buy

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