Halfway through,now you can protect your trades ,and squeeze the StopLoss to entry point
The bear butterfly and ABCD Extension patterns that I called out in my previous post (extreme downward patterns) have been confirmed, here are the harmonic price targets. pt2, pt3,pt4. It is plausible for BTC to bottom at 16500 or lower, probable to hit 18.6, and highly likely to hit 19.9.
A sell signal by breaking down the neckline on GBPCAD H1
And after reaching 21.15 level, then possible downtrend to 17.48 and 16.83. There is a possible butterfly pattern here, like before on this chat, i added dotted shape of previous movement.
Finally, patience might just pay off. If the current candle closes as it is, there's a high chance for me to look for a shorting opportunity, once market open. What makes is better is a Bearish Crab Pattern materialised on the 1-hourly chart. Guess we can just wait and see.
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A Potential Bearish Butterfly Pattern is looking to complete at 147.95. A candlestick pattern confirmation is still as important as looking for a trading opportunity. Do note that on the higher timeframe, I'm still looking for a buying opportunity.(check out the related article at the bottom of the tradingview post)
Comparing with the standards of the ButterFly pattern, we see many matches (in %): AB/XA = 78.6, exactly BC/AB = 78.6 belongs to 38.2-88.6 CD/BC = 223.6 belong to 161.8-261.8 CD/XA = 161.8 belongs to 127.2 - 161.8 DE/CD is about 45, belongs to 38.2-61.8.
A bearish-type Butterfly pattern occurred within the resistance zone of 1.0070-1.0110. (In this resistance zone , there was a rebound in 13 Sep, 26 Aug,...) If the price rises to 1.0198, a bearish-type DeepCrab pattern could occur. Also on the daily chart, bearish-type Butterfly pattern is occurring. Short after seeing the rebound. *Harmonic patterns and...
I've been nothing but patience for this setup. A Bearish Butterfly setup with RSI Divergence, probably the first trade I'm looking to get involved first thing in the morning tomorrow. Let's see how this goes.
- 123 rule satisfied - 886 bat + butterfly harmonic patten expected to reach 0.223-0.225
Butterfly pattern is available on daily chart, Check the fibo levels for clear vision.
Trading the bearish Harmonic pattern; Place the sell order at point D (a 127 percent extension of the XA leg). Position the stop-loss right above an extension of 161.8 percent of the XA leg(personal preference). And place the profit target at A or lower for a more aggresive take-profit since it might indicate a trend reversal. This depends on the condition of...
I am overnight 233/232$ limit on $TSLA, stop below 231$. I am not bullish on $TSLA but this could offer a nice bounce play if it has a gap down or sharp drop at the open. You can watch 234-235$ for bullish price action @786 fib extension, i have 0 interest with that level, but it can work. Look for a pin bar, engulfing bar on gap down at the 1.272 extension. ...
LINKUSDT spiked closely @ TP1 which is a harmonic AB=CD pattern target from a breakdown of the prior low 1M candlestick inside bar. Reacting now from the volume POC. A complex Head and Shoulders can be validated after a pullback to neckline. Plus potential bullish Butterfly target.
IRCTC is enroute to confirm butterfly pattern, technically its a buy only above 726 where it confirms its pattern. One can also buy here @ 718-719 assuming it ll break above 726. In that case should be bought with mentioned stoploss & target
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...