If Bulls blast through the Daily SMA 200, this Bearish Three-Drives, and the Long Standing Descending Channel would dissolve from our charts as they would no longer be valid. If Point C on the Bullish Butterfly is also ignored, then ETH Bulls have had enough - the 100 and 200 SMA would be gained on the Daily.
The 100 SMA could very well cross the 200 SMA with...
We see butterfly pattern formation, perfectly respecting fibonacci retracement levels and extension AB ending at the 1.618
Looking forward to sell the XAUUSD as TP levels 0.382 and 0.618 from fibo retracement AD
I'm sorry did not publish this one before... I missed it and I just caught it.
The failed Gartley I published on 11/14, became this Butterfly.
You can wait for a retest of point D @ 1.51042.
I just took it with a Market order @1.5078
TP1: 1.50122 (.386 AD)
TP2: 1.49492 (.618 AD)
I don't like to publish triggered patterns, but...
Pattern is close to completion. With last hours movements, PA is less than 100 pips away of projected point D.
As usual, evaluate how PA behaves on the zone to decide your entry.
Numbers now look like this:
SL: 1.2585 (Closest one. Wait for D to be totally defined and chose your stop wisely)
TP1: 1.27985 (.236 AD 2.65 RR)
TP2: 1.28954 (.382 AD ...
It seems a Butterfly pattern is going to appear. in the PRZ are i will looking for a reason like as Divergence or Price Action Candles stick or something else to go Short. The target can be in 38% of XA.
On the H1 we see that a potential bearish butterfly harmonic can begin to set up here. All fib level values are stated so when the pattern completes be ready to sell for about 50 pips! The USD is very weak right now so I believe we will reach our completion price.
USD/CAD Formed a Max Butterfly harmonic pattern, it's started at 25 Jul.
The pattern is already completed and RSI indicator confirms the pattern
First Target should be near point B @1.3040