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Butterfly

DARUSDT bearish butterfly in formationDARUSDT bearish butterfly. The price action is in a confluence with the double bottom formation of BTCUSDT. The Fibonnacci ratios is wonderfully converging with local support and resistence. A Potential Reversal Zone (PRZ) is expected from D point 1.41 Fibonacci extention ratio. Oversold condition for the intraday and hidden bullish divergence on Ehlers' Fisher Transform oscillator (detail in aupdates). Ehlers' Fisher Stochastic Sinewave bullish after price action retrace from 50% to 88.6% Fibonacci Retracement. 14.6% Fibo targeting in conjuction to expected XD leg upward Butterfly extension. That's the perfect scenario for a pullback and I bought a buch of DAR tokens for 1USD. Not a financial advice, only my technical analyses.
DLong
by firmestudio
1
APE - Harmonic ButterflyMy favorite Harmonic pattern, Butterfly ... The Butterfly Pattern®, The general extension structure of the Butterfly Pattern® was discovered by Bryce Gilmore. However, the exact alignment of ratios was defined in Scott Carney’s 1998 book, “The Harmonic Trader.” This has become the industry standard for the structure. Scott’s ideal Butterfly Pattern® requires specific Fibonacci ratios to validate the structure. These measurements include a mandatory 0.786 retracement of the XA leg at the B point, which defines a more precise Potential Reversal Zone (PRZ) and more significant trading opportunities. Also, the Butterfly pattern® must include an AB=CD pattern™ to be a valid signal. Frequently, the AB=CD Pattern™ will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) B-C projection. These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all time (new highs/new lows) price levels.
Long
by Double_R_86
2
NZDJPY Potential reversal at 87.692, Public Journal #3NZDJPY has been trending up for a long period of time, so I know price will pullback eventually. I've noticed price has now entered a consolidation phase, due to price being exhausted from the endless uptrend, in that consolidation, price has done the peak high, so any short scalpers are now coming into play and trade away from the high. There is a support level of 85. where many late buyers will use that opportunity to add a long position, because in their eyes, price is still in an uptrend after creating a higher low. But also looking to the left, I can sport and inverted H&S in the pullback to make it look complex. However, from the trained eye, one will use that as confirmation to initiate a long position. That's a small insight to what I've seen, the rest is down to the charts.
by BeaucoupPips
ReNeuron Group (RENE) ... a little gene therapy ??Here's something for you punters and long haulers. From TV: ..... ReNeuron Group Plc engages in the development of novel cell based therapies that target significant areas of unmet medical need. It develops its core stem cell assets such as CTX neural cell line and human retinal progenitor cells. The company was founded by John David Sinden in 1997 and is headquartered in Pencoed, the United Kingdom. RENE last 92% of it value from the fall of 2019 and has clawed some of that back in recent weeks. RENE trades on the LSE and the OTC but ususally by appointment. Apparently the analysts love it. (that scares me sometimes) This may have a chance if the high of February is taken out. The chart suggest is a fairly good Harmonic Butterfly pattern on this weekly image. Targets and a Stop have been marked, suggesting a RR of just over 2.5x . I am mentioning but probably not playing. ( depends on broader market sentiment and Biotechs in particular.) This company presently does not turn a profit. Earnings reports are expected mid July. Not investment advice. As always do your own due diligence, respect broader market and wold events. Good luck S.
R
by Steve666
1