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Bearish Butterfly

Gold : HTDWTC III - The Star of David FOREXCOM:XAUUSD Weekly Analysis - Recommended to Buy for this Week Bearish Butterfly 1.272 Potential Bearish Crab 1.618 Potential Bullish Butterfly Advanced Pattern BC 0.382-1 XD 1.272 Potential Bullish Deep Crab Pattern 1.618 (unconvincing x-b?) Star of David Pattern - an Easter egg Support and Resistance Levels Moving Averages Fibonacci Retracement Levels This is an update from previous weekly chart analysis #ENJOY The Money Journey - Hope for the best and prepare for the worst Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Support" :)
FX:XAUUSDLong
by EchoLAB
3
GBP/USD 4H Bearish butterfly pattern @ 1.34545Pair is currently approaching a major structure level that has worked as good support and resistance level number of times in the past. Bearish butterfly that is potentially forming now, completes right at that level providing a nice shorting opportunity. RSI shuld be overbought at completion of the pattern to confirm sell signal. ATR based stops above the 1.618 fib extension of XA leg. I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :) Trade your plan and good luck in the markets!
Short
by TheDailyTrader_FX
1
GBP/USD 4H Bearish butterfly pattern @ 1.34545Pair is currently approaching a major structure level that has worked as good support and resistance level number of times in the past. Bearish butterfly that is potentially forming now, completes right at that level providing a nice shorting opportunity. RSI shuld be overbought at completion of the pattern to confirm sell signal. ATR based stops above the 1.618 fib extension of XA leg. I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :) Trade your plan and good luck in the markets!
Short
by TheDailyTrader_FX
GBPUSD-Weekly Market Analysis-Mar19,Wk3A bearish butterfly forms as a counter-trend move for the GBPUSD. A zone within the 4-Hourly Buy Zone, pose a trend trading opportunity and a break and close below the zone will open up the possibility for a further bearish move. Later this Wednesday, 20Mar2019, 18:08pm-20:00(+8GMT) I will be going through 12 currency pairs on the mid-week analysis Like our facebook page so when we went live, you will be notified: www.facebook.com SHARE our post so more traders can benefit from the analysis and COMMENT 1 thing that you like about the analysis. Your support is greatly appreciated.
Short
by RaynLim
ETHUSD - Bearish Butterfly, BC Leg Stable.With the BC Leg confirmed, let's see if the Bearish Butterfly plays out with upside past $170 resistance levels before reversing hard. This is a re-post with more known and dialed in variable to the BC Leg (smack in the middle of rule @ 53.5%). Values for CD are at Max and conform to an uptrend parallel channel that is not confirmed (with exception of 2 modest touches at the beginning), yet it lines up with the Bearish Butterfly's Max FIB of the CD leg . See post below on Cup and Handle , as well as Previous Bearish Butterfly Post for more details, as it has similar upside potential, breakout points or trend lines - ( Cup and Handle Still Valid - Bullish ). Likes and Comments always welcomed. Good luck, Traders! May you find yourself on the profitable side of it. ~Harbachan
BITFINEX:ETHUSDLong
by MrJEB
1
ETHUSD - An illegitimate case for the Bearish ButterflyWe all know how well patterns play out in Crypto , but I digress, and we'll venture anyhow - there's just too much materializing with recent price action to not! Recently, a Cup and Handle formation has captivated my limited attention on the daily, as well as a case for a Bullish and Bearish Butterfly . With the Bullish Butterfly still in play (linked below, and still within the bounds of validation), I'd like to take a quick look at the Bearish Butterfly as well. The recent 3 Drive Stair Case Uptrend came cascading down -20% from the $170 level or so, and with it, some nice Fibonacci retracement levels for traders to pivot and position with. Price action is currently bound between 38.2% Resistance retracement , and the 50% Retracement Support . So far as my Cup and Handle Pattern interest goes, this range is keeping the Handle within validation ( linked below should it interest you ). Ironically, the Bearish Pattern here has the 78.6% as a most notable point of contention , and as far as BTCUSD is comparatively concerned, has served as a pivotal point of price swings/drops coming out of upswing triangle consolidations. Personally, I can see a stronger case for the Bullish Butterfly , but this Bearish Butterfly Pattern does line up nicely with the $83 to $103 uptrend line and the 78.6% Fib retracement (maybe a little too convenient). The top of the parallel uptrend channel here is relatively undefined since the stop at $170, and our previous touches are a modest 2, taking more of the shape of an ascending triangle pattern, and yet sitting in line with points C to D of the Bearish Butterfly , hinting at some upside breakout from the pattern. Conversely, our less than developed by 83/103 trend-line too, only has 2 touches, and sits at a lengthy 45+/- days. Will Points C of the Bearish Butterfly become the third? Bears first have to move past the 50% defense , past the 61.8% support where demand is standing by, and then on to an eager $116 range that could potentially set this rocket ablaze. Your thoughts, comments, and likes are most appreciated. Until then, Good Luck, Traders. May you find yourself on the profitable side of it!
BITFINEX:ETHUSDShort
by MrJEB