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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.
mortonmarket mortonmarket EURCHF, 240, Short ,
5 0 5
EURCHF, 240 Short

As you can see I found this a little late but if it pulls back close to entry I will likely jump in.

johnnysneds johnnysneds NZDUSD, 60, Long ,
NZDUSD: NZDUSD, 60, Cypher and Butterfly Advanced Patterns
38 0 2
NZDUSD, 60 Long
NZDUSD, 60, Cypher and Butterfly Advanced Patterns

Cypher and Butterfly Advanced Patterns - both in confluence at D point completion. Previous monthly structure levels.

Fxprotrader Fxprotrader EURUSD, D,
EURUSD: How To Trade Harmonic Patterns The Right Way (Educational)
1858 11 49
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 ...

PeacefulWarrior PeacefulWarrior XVGUSD, 240, Short ,
443 3 12
XVGUSD, 240 Short

VERGE Interesting zone, to which we are going down after butterfly pattern.

tntsunrise tntsunrise TOP GBPAUD, 240, Long ,
GBPAUD: GBPAUD BUY SET UP with Patterns and Structure
11004 54 115
GBPAUD, 240 Long
GBPAUD BUY SET UP with Patterns and Structure

GBPAUD BUY SET UP Price hit the horizontal structure and the last 4h candle can't close below. It also hit the 1.272 EXT of the AB LEG which complete a butterfly pattern buy gbpaud, SL below 1.414 ext Aim for a big reversal

LewisGlasgow LewisGlasgow PRO BTCUSD, 240, Long ,
BTCUSD: Bitcoin - Harmonic Opportunities
6655 21 62
BTCUSD, 240 Long
Bitcoin - Harmonic Opportunities

The crypto market is shaping up nicely this week and I'll be ready to capitalise on several price drops very shortly! Today I'm looking at BTC/USD on the 4 chart with two harmonic patterns forming at different price levels. Blue, bullish butterfly. The measurements for a valid butterfly pattern are detailed below. B: 0.786 C: 0.382 - 0.886 D: 1.618 - 2.24 X ...

lyl89 lyl89 EURCHF, D, Short ,
EURCHF: EURCHF - Potential Butterfly Pattern
84 4 4
EURCHF - Potential Butterfly Pattern

The bearish butterfly pattern may be completing in a few days. Good R:R at 2.8 (TP1) and 4.6 (TP2). RSI is reaching overbought level soon. I will update if pattern completes.

mortonmarket mortonmarket NZDUSD, 240, Long ,
38 1 2
NZDUSD, 240 Long

I wouldn't get excited about this one until it gets much closer to the d point. Not a massive trade but definitely some pips to be made.

lyl89 lyl89 EURAUD, 60, Short ,
EURAUD: EURAUD - Potential Butterfly Pattern on H1 Chart
66 0 1
EURAUD, 60 Short
EURAUD - Potential Butterfly Pattern on H1 Chart

GBPAUD seems to be ranging, looking to short at the top of the range where a butterfly pattern will complete. R:R at 2.2 (TP1) and 3.7 (TP2). I will update if pattern completes.

yetisalmon yetisalmon PRO USDJPY, 15, Short ,
USDJPY: USDJPY butterfly setup short
137 0 5
USDJPY, 15 Short
USDJPY butterfly setup short

Looking for the retrace back to 107.90 and short again Entry - 107.90 T1 - 107.17 Stop 108.20 Thanks and have a great Sunday folks ! Stay safe if you're in Florida. -yeti

PeacefulWarrior PeacefulWarrior IOTBTC, 180, Short ,
793 4 22
IOTBTC, 180 Short

IOTA / BITCOIN Pattern zone 38.20-50% fibonacci's lvls

lyl89 lyl89 NZDUSD, 240, Short ,
NZDUSD: NZDUSD - Potential Butterfly Pattern on H4 Chart
83 0 4
NZDUSD, 240 Short
NZDUSD - Potential Butterfly Pattern on H4 Chart

A bearish butterfly pattern seems to be completing soon. RSI not at overbought level yet. Good R:R at 2.2 (TP1) and 3.8 (TP2). I will update if pattern completes.

PeacefulWarrior PeacefulWarrior STRATUSD, 240, Short ,
303 9 16
STRATUSD, 240 Short

STRATIS Classic Elliott wave (12345-abc)

11021992 11021992 PRO EURNZD, 60, Long ,
EURNZD: EURNZD: Potential bullish bat pattern
178 2 11
EURNZD, 60 Long
EURNZD: Potential bullish bat pattern

Hey traders, On the EURNZD we have just completed a bullish butterfly pattern and now we can see a potential bearish gartley pattern and a bullish bat pattern taking shape, but I'm most interested in the bat pattern. Cheers

yetisalmon yetisalmon PRO AUDUSD, 30, Long ,
AUDUSD: AUDUSD bullish butterfly pattern
72 0 3
AUDUSD, 30 Long
AUDUSD bullish butterfly pattern

Still a rookie with harmonics but this caught my eye. Entry - .8050 T1 - .8095 T2 - .8164 Stop - .8029 Hope everyone is having a great weekend. Stay safe folks in Irma's path!! -yeti

zippy1day zippy1day PRO BTCUSD, 240,
BTCUSD: BTC Harmonics?
377 5 9
BTC Harmonics?

Both these harmonic patterns carry equal weight and seem to fulfill the necessary criteria see :-

iamthewolf iamthewolf SPX, 60, Short ,
SPX: SPX for week of 9/5/17: Butterfly and Bat meet Elliott Wave
265 0 8
SPX, 60 Short
SPX for week of 9/5/17: Butterfly and Bat meet Elliott Wave

Interesting setup heading into 9/5/17 for SPX. The published mid-week (8/29) Elliott Wave is still in play as wave b extended beyond target of 2465 area to 2480.38. Still expecting wave c to start soon and looked to Gartley/Bat/Butterfly charts for validation. Using all of Wave 5 from the mid-week update as "X - A" a Butterfly (Red) is traced to project ...

lyl89 lyl89 AUDUSD, 60, Short ,
AUDUSD: AUDUSD - Potential Butterfly Pattern
67 0 4
AUDUSD, 60 Short
AUDUSD - Potential Butterfly Pattern

Posted a butterfly pattern for AUDUSD last week and about to hit TP2, do refer to the link of related ideas below. If it does, another butterfly pattern will then transpire. PRZ area at 0.79839 to 0.79878. Good R:R at 1.9 (TP1) and 3.2 (TP2). I will update if pattern completes.

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