The Butterfly is one of my favorite Harmonic Patterns for a nice long position. Low Risk with potential High Reward! =)
I don't think the Fundamentals are going to hold it down this season.
Low Risk Entry: < $35
Targets : 15% 30% 50%
Stop Loss: 5%
Going to accept Bitcoin
Class A Bullish Divergence on the Daily time frame
We can see that the stock is forming probably bearish butterfly harmonic pattern here on Daily chart. Confirmation on 80 RSI level. We will wait and watch it every day, that when i will be forming in blue demand zone. The maximum of supply is 290.00 price at 1,618 Fibonacci retracement level. When it will be forming candlestick pattern SHORT it to the 250 price...
SPX continues higher and tries to break the 2800 handle.
In case of a successful breakout, a visit to previous record high can be its next destination.
Extremeley bullish? How about new record high just below 3000 as the harmonics suggest?
A fail to break 2800 can lead to a short term correction back to 2750.
The amazing price action...
-Reversal double bottom;
-Major bearish trendline broken, the double bottom "neck" broken, validating the double bottom;
-Found resistance at Bearish Butterfly territory;
-Two targets for the Butterfly, the second @2933$ (618% retracement) will forge the 2618 bullish setup with initial and default targets around 3600$, the...
x1 opportunity on GBP/USD with Harmonic Pattern formations on the 1H time frame. Targets at the 38.2 Fib Retrenchment with stops being at the 1.414 Extension of the C-D leg.
Currently Short with the Butterfly completion.
Price has been moving for a long period of time above a slide parallel of a downsloping median line, which has acted as support several tims previously. Looking now at the 240min chart, we see that a bullish butterfly pattern is about to complete above the support parallel. Sl and tp as shown at the chart. If price reaches the first target we move sl at breakeven...
The Butterfly Pattern
Created by Bryce Gilmore, the perfect Butterfly pattern - here are the rules of engagement for this pattern:
The Butterfly Pattern begins with a market move/impulse leg that establishes our X and A points.
Once X and A points have been identified, we then look at rule 2...
The Market forms B completion point by...