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...
NSE:BHARATFORG
I wanted to share some possible harmonic patterns in XRP. These are on the 4 hour chart. The first and more obvious one is the AB=CD pattern. If the pattern holds then a move along CD would take us to 1.83 before a reversal. The other pattern is a larger Butterfly pattern. This would extend CD to just over 2.00 or potentially as far as 2.25 before a...
Dear traders, as we could obviously understand out of the chart, the overall trend is strongly bullish, a bullish butterfly is formed, the minor falling trend line is broken and MACD has turned positive. These all indicate an ideal condition for Copper to revisit 488$ and beyond. Let's See!
MU has suffered on recent tech sector weakness. If you believe this will reverse them MU may be your horse. 1. The price has retreated nearly .382 % from the Aug 2020 to April 2021 range. 2. There is a Harmonic Butterfly setup forming as well as an ABCD pattern. 3. Margins should expand for the company due to the under supplied DRAM market 4 MU's earning...
BTC passing through areas of weak support at the moment. Although they may seem like good times to buy I would advise to move with caution. Looking at the volume profile you can see that BTC has broken below the area of support it had around 47k. The next areas would be 37k and 34k. If it falls beneath 34k BTC is gonna be in a bad way. Maybe 30k will hold, but...
Dear traders, as I have explained on the chart, a bullish harmonic pattern is formed and verified by breaking the minor falling trend line. MACD is turning positive and the overall trend is to the upside. Thus , you may enter long above the supportive area for 27.80$ and beyond. Let's See!
Our previous prediction has hit Wave 2 and in progress of an impulsive Wave 3. Otherwise, if we are rebouncing; as what we can observe on the current candle tested 42k and came back up, shows that we are on a Harmonic Butterfly. The parallel channel was formed due to the current candle touching 42k which gives strong indication this could be a rebound to 54k....
Where's the BTC bottom? Is the bull market over? IMO not by a long shot. If anything this gives folks another opportunity to buy BTC (and Alts) at a discount. In the grand scheme of things a correction is healthy and BTC will be stronger because of it. Here is an idea I have about where the bottom of the correction may be found via a harmonic pattern. A...
I see a clear butterfly with a double bottom pattern, first need to backtest 0.80-1.00 level before going to the upside. This is not financial advice.
Even though I believe the index will continue going up, there is a potential descending channel, bearish divergence, and a bearish butterfly pattern that suggest it may go down again.
Hi every one LITECOIN / TETHERUS LTC whole chart has formed a Butterfly pattern the price has completed the pattern so the time for correction has started! the price can reach near the Fibonacci line 0.618 (shown in the chart, a great support level!) and than start the bullish trend from there! Traders, if you liked this idea or have your opinion on it, write...
LONG-TERM: Bullish butterfly with classic bullish divergence developing on the 1hr, 4hr, and daily. (not financial advice)
Been a while since I've posted a chart. Really liking this setup on BZRX. Take profits at fib levels.