Possible butterfly into bullish flag pattern. Butterfly completion point could be very close to the lower band of the flag. Target 1 displayed on the picture, target 2 looking for further run to the upside (same size of the main impulse leg in the chart.)
Was the pop down enough to shake out the bulls? Refining the possibilities of different scenario's I've come up with a resistance zone: - the 0.236 retracement of the midterm bullish trend at 1.9363, - the 0.382 retracement of the prior bullish AB=CD at 1.9383, - the 2.0 extension of AB of the bullish butterfly pattern, - the 2.24 extension of AB of the bullish...
sorry guys, it's been a while since my last post and today i will give you my usdjpy outlook next week. as you can see we have bearish bat pattern completion, not only that but we have bearish butterfly pattern that already complete too. i have 3 options of TP 1st : the .382 retracement 2nd : .618 retracement 3rd cypher pattern completion any thoughts or idea...
There's some really nice structure on the AUDNZD 60 minute chart and we've been making higher highs and higher lows. Breaking through our most recent piece of structure has formed a Bullish Gartley pattern that looks promising; the AB leg is slightly over a .382 retracement which is usually indicative of trend continuation. If this pattern does play nice we'll...
a potential butterfly pattern at structure level. Although the level is not seen on Hourly, It's quite distinct on H4 and Daily
We've got harmonics, a butterfly pattern and previous structure. Risk reward is good. Entry pretty much at market but patience will probably bring a the price higher (again) so hold on for the retouch of the structure or the butterfly completion (depends on your plan). RSI also nearly at overbought conditions. Stops above 1.25
Possible bearish Butterfly in Visa Confirmation if the price will drop below 268$
#AMZN #AMAZON Possible Short Idea (Bat Pattern Forming) Butterfly Pattern Fib confluence & 2 patterns overbought Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
#KO #COCACOLA Long Idea Butterfly Pattern Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
The USD gained in strength last Friday after a favourable jobs report. The CAD data has also been good the last few days and they sure beat expectations Friday with their employment data. But appreciation of the USD on the back of their jobs report proved too strong for the CAD and this pair gained 165 pips before giving 35 back before market close. The Canadian...
#USDJPY 4H Butterfly Pattern Short Opportunity
Bearish Butterfly scores on $GLD Visit www.themarketzone.net
Elite Zone setup in $XAUUSD Harmonics combination
I have been promoting this from the start it reached the 5310-5360 area look for a good place to short this dont let this getaway
@TradeYodha TradeYodha.com GBPUSD 4H Hour Short 1. Price action running in consolidation 2. ABCD pattern completes around 1.27 extension of AB (harmonic move) 3. Butterfly Pattern completes in the same area 4. 200 SMA is close to the area of possible short 5. RSI is reaching overbought but wait for confirmation and overbought scenario Plan your battle well in...
Since my last post about GLD, the trend line breakout prediction lead to a huge rally. The importance of the 114-116$ support zone has proved itself. Since than, I've traded a small harmonic pattern successfully and lately I've traded this Butterfly pattern (shown in the chart) on $XAUUSD. Not that it has reached first target level. $GLD could be heading...
long based on the completion of Bullish Bat and potential Bearish Butterfly. Butterfly has good confluence of fib ratios at the D. Usually on such confluence the price reverse exactly at the completion of pattern. Update: 2/2/15: Not valid any more . it gave profit only upto 38fib ratio