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Jamjoom Pharmaceuticals Factory Co.Jamjoom Pharmaceuticals Factory Co.Jamjoom Pharmaceuticals Factory Co.

Jamjoom Pharmaceuticals Factory Co.

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4015 trade ideas

Jamjoom A bearish butterfly is a specific chart pattern used in technical analysis within the realm of Harmonic Trading. This pattern helps traders identify potential reversal points in the price of an asset, typically indicating that the asset's price may reverse from an uptrend to a downtrend. Key Features of the Bearish Butterfly Pattern The bearish butterfly pattern consists of five points labeled X, A, B, C, and D. The pattern is formed by four distinct price swings, creating specific Fibonacci retracement and extension levels. X to A: The initial move up from point X to point A. A to B: A retracement move down from point A to point B, which is typically 78.6% of the XA leg. B to C: A move up from point B to point C, which is usually 38.2% to 88.6% of the AB leg. C to D: The final move down from point C to point D. The CD leg is an extension of the XA leg, and D is often found at 127.2% to 161.8% of the XA leg.
TADAWUL:4015Short
by B9A-88652-NisarAhmad
4015_Possible Trend reversal (Bullish setup)4015 **Bullish Points:** Price at significant support level (Volume profile) confluence with 78% fib level Bullish divergence is observed Small entry can be taken now (Aggressive) Further entry can be taken after descending channel breakout, or at next support level 118.6 (DCA strategy) **Bearish Points:** Price is moving in downtrend, series of LH/LL H&S pattern breakdown and retest of neckline Current stop loss is specified Trail stop loss if price goes up Place SL below 118 (DCA strategy)
TADAWUL:4015Long
by YASIRWA