GBPJPY Long Continuation of major trend. Risk 1% per entry. Price making a bullish engulfing candle.
Butterfly
Butterfly on GoldWhat you see here is a almost perfectly formed butterfly harmonic in play.
The short trade between $1980 - $1990 is based on the confluences:
- Untapped weekly level
- Untapped POC level (naked point of control)
- 0.5 (swing high to swing low)
- Harmonic retracements: 2.0 (B-C), 1.272 (X-A)
I recommend taking 3 compound trades on the PRZ instead of 1 order.
Stoploss above all the confluence at ~ $2000.
Does anyone think that USDCAD could rise from current? Hmm...My previous long-term idea was based on a fact that triangle could be broken down. Looks like there is good dynamics on it. However, we could see that a pullback has lost a dynamics so I do think that my previous idea is under a huge risk now. So I have tried to make an alternative forecast and see what could happens if USDCAD doesn't fall more.
Attention. It is not a setup or forecast. So, I really don't recommend anyone to trade based on it. Because I still believe that pullback can completes soon and price could falls further. Use this only as additional education analysis of how Channels, Harmonic and Double Top are working together.
Does the butterfly pattern work?A green trigger is drawn on the CD step.
You can enter the deal as soon as the trigger is won and go to the butterfly pattern target.
Does the butterfly pattern work?A green trigger is drawn on the CD step.
You can enter the deal as soon as the trigger is won and go to the butterfly pattern target.
Butterfly@1.272XAThe " Bearish Butterfly " it's close to completion and close to give us a clue weather it's going to reject the price or letting go, but nevertheless I do confirm this a nice edge to look for a short trade!
Setup Rules:
1. Harmonic Patterns Completion ( Bearish Butterfly@1.272XA) - 95% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/2.
"For all have sinned and fall short of the glory of God,
being justified freely by His grace through the redemption
that is in Christ Jesus."
NKJV Romans 3:23-24.
An Intricate BlockA lot of bullishness unfolding here so I will start with the targets and break it down how I got them and why I am so bullish on SQ.
*Initial Target = 138 ; time to target TBD, what I'm looking for is 3 consequtive green candles at the 2 hour level (estimating time to target occurring before the end of April)
**Intermediate Target = 157 by 5/4/2022 - I will explain below
Goal Target is above 166 , but will return to this after the first 2 pts are hit (I can say time to target is after May 4th)
Explaination:
- my analysis displayed begins after the gap on last earnings, notice the 5-count down to fill gap that immediately led into a harmonic resulting in a leading diagonal with wave 1 at 100% retracement of AD... the 5th wave made it to 2.618
- the corrective wave off (5) was a wolfe wave which led into a Butterfly which is yet to materialize... however, the green circle starting April 12th is a Butterfly Fractal - you'll see this if you look at the chart at 5 or 15 minute intervals... I am expecting the next leg up to begin any day now coming off this setup
* Initial target is a 0.618 AD from the "primary" butterfly and a 1.618 from the "secondary" butterfly fractal. In between the current price and the initial pt (138) there is a gap to fill around 134 - this will be a 1.272 AD off the secondary/fractal butterfly (again, not shown but you can find it at the lower intervals). A gap and continue to initial target will set up to continue to intermediate target.
** Intermediate target of 157 is 1.272 AD of primary butterfly (shown). Using the blue trendline from the 1-4 wolfe wave resistance I obtained time to target as the intersection of the 1.272 AD and the 1-4 Wolfe line.. this falls on May 4th but could occur sooner in the right conditions.
I'll revisit this soon but I'm seeing very bullish signals in SQ. Side Note: the yellow trendlines are just longer term trendlines from a while back, left them on there in case they can explain any hold ups or critical levels in price action, probably not important.
Not Financial Advice.
On the Wings of a ButterflyNear term Bitcoin likely to get some wings - Bullish Butterfly with initial target around 41k. Description of chart below:
- yellow zone would complete butterfly harmonic, expect liftoff from there
- green zone is initial 1.618 target range
- red horizontal line is 3 standard dev. under the displacement of the proportional differences between 9 day s.m.a and price vs. 9 day s.m.a and 20 day s.m.a which is acting as a local over-extension to the down side relative to recent peak around 48k
- down-sloping green line is channel support that it recently fell out of - this is the channel that began end of march
- orange horizontal line is an old price support level
Lets see if the momentum from a leg up off this pattern can get it back above that support - if so I can see it continuing to around 50k before the inevitable drop to complete the bigger bullish harmonic at the weekly level.
Not Financial Advice.
BTC/USD: Bullish butterflyBitcoin forming a bullish butterfly harmonic pattern and we see that it's a bullish pattern, and also to take in note we forming a bullish divergence in the RSI forming a lower high in RSI and price action lower low. That it's an indication that the trend will going return bullish.
So guys, in H4 it's look bullish.
Are you agreewith this analysis?
MCXMCX made butterfly pattern on daily chart with decent volumes,,
Could be bought with mentioned stoploss & targets.
BTCUSD H1 BUTTERFLY PATTERN AND DEMAND ZONEHello traders. I see BUTTERFLY pattern and demand zone on BTCUSD H1 chart. Good luck everybody.
Bitcoin Bearish ButterflyLooks as if this harmonic is correct we may drop a bit further see link for possible targets!
The potential bull flag looks a busted pattern.
It this is a 1/2 wave in a higher degree we need to stay above recent lows i.e. $34300
1.bp.blogspot.com
SHILL TO The SlaughterSGT Slaughter was here SHill goes up and down and up and down .yep thats about it
DOT USD | Bullish Butterfly | Falling WedgeSpring back test of spring at critical inflection zone, macd hidden bullish divergence in development. If the back test of spring is successful Dot should see higher prices. BINANCE:DOTUSD
Butterfly@1.272XAThis the Beautiful Bullish Butterfly@1.272XA that can possibly change the curse of the trend to the upside;
The price it's close to complete the Harmonic Pattern, but we have to wait to see what's going to happen in the minutes to come.
That being said let's go to the setup rules:
Setup Rules:
1. Harmonic Patterns Completion ( Bullish Butterfly@1.272XA) - 70% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3.
Potential Butterfly 🦋 US30 - Price is currently in a strong demand zone but looks like its going to break the DL and continue down to the D point of the butterfly (The next demand zone).
I will be looking for reversals in this current zone, but with todays sell off in the stock market im not to hopeful, price just keeps smashing through demand zones with very little pullback, lots of fakeouts today.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Butterfly@1.272XADear Traders,
Today I'm bringing to you an opportunity on US30, the I believe this going to work as a continuation of the uptrend, so I'm consider this pattern as a Bullish Butterfly of Continuation, cuz this what I believe it's about to happen soon.
The price it's not to distant to the complete the pattern and also not to close, so we have to be patient so we can see what's really going to happen right here, that being said let's go to the basics rules.
Rules:
1. Harmonic Patterns Completion ( Bullish Butterfly@1.272XA) - 50% Complete ;
2. PRZ Hit Waiting;
3. Terminal Bar - Waiting;
4. PRZ Test -Started;
5. Candlestick Reversal Sign - Waiting;
6. Candlestick Confirmation Sign -Waiting;
7. RSI Reversal Sign - Waiting;
8. RSI Confirmation Sign -Waiting;
9. Type-1 Reaction - Waiting;
10. Type-2 Reversal - Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
" By this we know Love, because H3 laid down his life us.
And we also ought to lay down our lives for the brethren."
1John 3 : 16 NKJV
Butterfly@1.272XADear Traders,
Today I'm bringing to you an opportunity on US30, the I believe this going to work as a continuation of the uptrend, so I'm consider this pattern as a Bullish Butterfly of Continuation, cuz this what I believe it's about to happen soon.
The price it's not to distant to the complete the pattern and also not to close, so we have to be patient so we can see what's really going to happen right here, that being said let's go to the basics rules.
Rules:
1. Harmonic Patterns Completion ( Bullish Butterfly@1.272XA) - 50% Complete ;
2. PRZ Hit Waiting;
3. Terminal Bar - Waiting;
4. PRZ Test -Started;
5. Candlestick Reversal Sign - Waiting;
6. Candlestick Confirmation Sign -Waiting;
7. RSI Reversal Sign - Waiting;
8. RSI Confirmation Sign -Waiting;
9. Type-1 Reaction - Waiting;
10. Type-2 Reversal - Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
" By this we know Love, because H3 laid down his life us.
And we also ought to lay down our lives for the brethren."
1John 3 : 16 NKJV
mutMuthootfin made bullish butterfly on an hourly charts with decent volumes.
Could be bought with mentioned stoploss & targets.
AUTO/USDAlthough i hate how much of an under performer this asset has been and that it has only ever made lower highs and lower lows
Here you can see momentum is shifting after a textbook Bullish Butterly Harmonic PCZ at the 1.272 fib extension an Inverse Head and Shoulders pattern has matured.
Not something that i would personally long just because of the sheer underperformance of this asset overall but you cant say momentum isnt shifting here and the bottom could be in!
3 targets if you wanted to go long
1st = swing low from 21st july 2021 at $629 (29%)
2nd = swing high from 29th december 2021 at $799 (65%)
3rd = first level of historic resistance at $954 (95%)
BTCUSD - Butterfly pattern and ABCDSell entry
-Butterfly pattern
-ABCD
Wait confirmation before entry on LTF = QML
SLPHidden bullish divergence and bullish harmonic at 1H TF. We can bounce at 0.0261 and reach 0.0315 and 0.0320. We can also dip lower at the current level which is around 0.0249 but we will still bounce from that level.
HULHUL made bullish butterfly on daily charts & it confirms pattern only above 2117.
Could be bought only above 2117 with mentioned stoplos & targets
