The first harmonic pattern in the picture, which is bearish gartley (the letter W, pink), we can see the price fell around 70% retracement of the projected height of foot C to D. Maybe for moderate traders, they will target the profit on foot C (100%), then ... Yeah, the price touched that level. The next harmonic pattern, which is bullish gartley (letter M,...
Teva Pharmaceuticals releases earnings in 6 days on February 11 2020. Potential Price Support-restance levels. The green box is the current difference maker for the upside, in which they it could aim to create a a 9 week: 13:10 and/or 10-week high 10:81 8 month high:15:44 :12 month: 15:91 The red line is the is still the long term support/resistance. 9.88
CELR has a double deep and also has a Butterfly pattern. I am sure it will be like a bull run and all investors will get crazy :)
Wave 5 resistance presenting some good bearish put butterfly spread for the SPX.
EURGBP had a nice 4hr combination long around 0.8528 spot In terms of monthly chart, it's right at the monthly demand zone. Accordingly, I'll be willing to wait for this long.
This is very good setup for sell. We can see that there was very powerful leg C and D. Now we are looking for a retracement. This is an extension leg C to D.
is this butterfly bearish if the AC fib not 0.382 or 0.886? 0.608 = between 0.382 - 0.886
on the way to the lower border of the downward channel TP1 79.00 TP2 78.00 long-term trade
If Price can break B Point PRZ, ButterFly or AntiCyper
Gold hit the upper trend of the channel and, at the same time, completed the bearish butterfly. My first target is the midline of the channel. Cheers!
We have a nice bearish butterfly forming on the CAD/JPY pair, Intermediate Timeframe is 1H, Major is 4H and Minor is 15M. I expect this pattern to complete within the next few days. The following are the things I like to see confirmed before taking a trade: XA Retracement Is: 1.272 BC Projection is: 1.618 Alternate AB=CD is: 1.13 Stop loss level is measured...
Buy opportunity at pattern completion. 73 pips target 13 pips stop loss Reward/Risk = 5 (Red lines are profit objectives)