BTC still moving within this pennant formation. Expecting resistance at 38.5k level. Could see it try and test 40k again too. Also forming a bearish butterfly pattern within the pennant. Let me know if you agree.
Well, if you are a Harmonic Pattern trader and you wonder if I have selected the wrong investment strategy, nope, I didn't. On the higher time frame, there is a Bearish Shark Pattern(check the link at the bottom) and I'm waiting for a shorting opportunity on the Shark Pattern. For traders who agrees with me, you have to be aware of a Bullish Butterfly setup on...
Bitcoin still struggling to stay above 50 % of the bearish pennant.
It's a beat up silver miner with a hidden RSI divergence and a potential butterfly harmonic play. Price bounced off .786 with a hammer candlestick formation. Targets are on the chart based on fibonacci extension levels. Final target: $4. Credit to @EdTheLorax for the idea.
AbbVie has been on my radar now for quite a bit. It’s one of the few Pharm. companies Warren Buffet holds and even know I’m not strong in the realm of Pharm. I have seen their marketing on TV increase quite a bit. Since I am away from my computer at the moment and posting from the TradingView App. I do not know their financials right off hand. I will update this...
my belief, theory, not really advice just my view! so i posted just before this aa 2 hour harmonic bat for eu with a 10 pip stop.. not only did it stop me out for 10 pips, THAT WAS THE TOP BRUHHH! Now that eu has done the liquidity spike, i did a bit of scanning. Well i instantly reshorted because i still believed in my 2 hour bat but i also found a 2 DAY...
ALIGNS WITH BUTTERFLY HARMONIC ABA EXPANSION/AXA EXPANSION BOTH CORRELATE WITH D POINT OR SELL ENTRY
AUDCAD POSSIBLE BUTTERFLY FORMATION XA IS IMPULSE MOVE UP RETRACEMENT IS 78.6 - B POINT I’M TRADING C - POINT TO 38.2 OF AB ITS POSSIBLE TO GO UP 88.6 OF AB IN A BUTTERFLY HARMONIC THIS FORMATION IS CURRENTLY INCOMPLETE!!! AT THIS TIME! WAIT FOR PROPER CONFIRMATIONS!
A long time ago that I posted something. I hope you all like it... :) Shalom, Im Disclaimer: as always, search for the truth and do your own research.
GBP/JPY - It kind of looks like a Bullish Butterfly is forming. Depending on how you see it you might take a short position and exit once the target range is hit and then take it long.
A Bullish Butterfly with RSI Divergence can be a pretty good counter-trend setup for harmonic pattern traders. I've engaged the trade as this is a type2 of Butterfly Pattern. If this is a profitable trade, you should see some profit at 10pm(+8GMT)
A Bullish Butterfly pattern appears to be forming here on our FET daily chart . Wow! We just dumped out of that triangle/pennant structure we had been in before! It happens in crypto - what can I say ! Every chart dumped when Bitcoin dumped . We were in a triangle type structure before but we broke bearish and went below it . You can see what looks like a letter...
A Bullish Butterfly Pattern is about to emerge, I'm waiting for the candle to touch 77.91 and retraces for a valid pattern. But for some Harmonic Pattern trader would have treated this as a Type 2 trade as the candle circled in yellow is close enough to them. It misses the completion by a pip. I'm not going to argue on that as every trader can have their own...
GBPJPY near to prz of bearish butterfly , weekly supply overhead , looks tough job for more upside move. Targets marked on chart...
"The bullish butterfly, which indicates when traders should buy, and the bearish butterfly, indicating when traders ought to sell. Butterfly patterns help traders in spotting the end of the current move so that they can take the trade. The bullish and bearish butterfly patterns have the following characteristics that can be used to identify them. AB can retrace...