The B point of the Bearish butterly pattern is at 57143.51 which is 0.786. Therefore, if this formation is to work, a pullback from this level may occur. If this analysis works, there could be a downward breakout of the rising wedge around 51,600. After the re-test of the breakout, BTC may fall as low as 32,036. This point is the C level of the formation. BTC's...
USDJPY - HTF Bias is Bullish, however Ill be scalping retracements and taking this long if price drops back towards the C point. Has nice confluence down there & takes out the liquidity and covers the imbalances! Whats your thoughts?
The Descending Broadening Wedge confirmed to the upside with a strong move overnight. The pattern moved to the Break Target .382 where a Bearish Butterfly has set-up. With two competing patterns, the break of the descending broadening wedge and the butterfly , scouting a solid higher low. With the Vix crushed and the 10 year note at 1.5 all eyes on rotations...
Hi dears It seems that a head and shoulder pattern and a harmonic pattern have been formed and we are witnessing an upward wave. Do not forget the loss and profit limits Good luck.
AUDCAD having a Bearish Butterfly setup that violates the bearish trendline. The close of the candle at point D of the Butterfly Pattern is pretty important for me to decide if I will engage the trade.
Earl in the Day, I published a analyze which is short-term bearish. In that analyze, There is raising wedge and that target iş 32-33k area. After that price going into a falling triangle. Triangle target is 87k area. All of that target giriş us a bearish butterfly. I try to see this to you in that chart. By the way İn that chart ( binance future) the butterfly...
Silver - I'm waiting for a 4th wick to the high to take out liquidity then a break down to the low (Which I will scalp) to complete the potential butterfly which lands on a nice OB, I will then look to take Silver long! Whats your thoughts?
In the coming three weeks, BTC will reach to it's time closure (the red arrow on the chart). furthermore, due to Elliott & harmonic rules, I prefer to think the market can continue to it's retracing path. The support zones are shown on the chart. Good luck
GBPNZD - I'm looking two reversal trades from this pair, one smaller scalp from the X point (Weekly high after liquidity is taken out and the other at the D point at the completion of the butterfly) There's a very strong OB in this zone and last time price reacted very strongly to it, so that zone is definitely worth setting your alarms for! Whats your thoughts?
US30 Price has taken out previous liquidity, I'm looking for a retracement to clear some of the imbalance before continuation to make new highs up to the D point of the butterfly! What's your thoughts?
By using Butterfly Harmonic pattern it will achieve at point D around 1.27%. It just BO above B level. SL (stop loss) if price below C level and this plan will invalid. #TAYOR BINANCE:BNBUSDT
If price BO Below red line my expectation it will form Bullish Butterfly Pattern. If price BO above white line my drawing will be invalid. #TAYOR BINANCE:BATUSDT
Butterfly completes on the 200EMA, strong support and and order block, I'm going to wait for price to reach this level and wait for the reaction but this is looking like a 100% short, especially looking at the HTF PA! Then targets would be the D point of the Crab which also land down in a strong support zone in January before more rejection!
My plan is entry when BO from falling wedge line. Butterfly pattern will form if price achieve 1.27% at point D. CL if BO belom point C level. #TAYOR HUOBI:XRPUSDT
My plan as stated in the chart. #TAYOR HUOBI:FILUSDT
GBPUSD, Butterfly D point lands directly on the 1.36000, I'm going to watch priceaction once it reaches this level and look for possible reversals/shorts down to the D point of the higher TF crab which also lands inside a heavy resistsance zone from January. Whats your thoughts?
Try using Butterfly pattern bcoz freshly BO from falling wedge line. Risk 1:1 ratio. #TAYOR HUOBI:DASHUSDT