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Butterlfly

AUDUSD > Beautiful Buy Pattern Near Entry!!Analysis of #AUDUSD A Bullish harmonic butterfly pattern near the entry point for a buy but it still not test inside the support zone, be careful if you want to take the pattern as might extend below the low before reversing to close inside the zone ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
Long
by TheTradersAvenue
16
Bearish Butterfly Pattern - Elliott Wave Analysis Motion AB: Point B is the most important level of the impeller pattern, which should be at 78.6% of the XA wave. BC movement: BC movement should continue until the Fibonacci retracement of 38.2% or 88.6% of the AB wave. CD Motion: If BC is 38.2% of the AB wave, the CD wave is likely to reach 161.8% of the BC wave. But if BC is as much as 88.6% of the AB wave, CD motion is likely to continue up to 261.8% of the BC wave. AD Motion: Finally, the total AD motion, which includes BC, AB and CD waves, should be at the level of 127% or 161.8% of the XA wave.
NASDAQ:TSLAEducation
by Trade_Your_Way
Bullish Butterfly Pattern - Elliott Wave Analysis Motion AB: Point B is the most important level of the impeller pattern, which should be at 78.6% of the XA wave. BC movement: BC movement should continue until the Fibonacci retracement of 38.2% or 88.6% of the AB wave. CD Motion: If BC is 38.2% of the AB wave, the CD wave is likely to reach 161.8% of the BC wave. But if BC is as much as 88.6% of the AB wave, CD motion is likely to continue up to 261.8% of the BC wave. AD Motion: Finally, the total AD motion, which includes BC, AB and CD waves, should be at the level of 127% or 161.8% of the XA wave.
NASDAQ:TSLA
by Trade_Your_Way
NZD/USD Potential opportunity to shorten the marketHello traders. This is a NZD/USD hourly chart. I don’t want to focus on the fundamental factors here, but you should keep in mind that the fundamentals change trends in the Forex market. In any case, we follow technical bias, so here we have a butterfly pattern that suggests a possible short-term opportunity to sell. As you can see, the butterfly extension of 1.618 stands at about 0.6560, and I suggest we can try to establish a short position here. The pair may not reach exactly this level (we know, perfection is rare in the Forex market), but look for double tops, wash and rinse patterns or any other bearish patterns around this level, and then shorten the market if you think is right. Also, don't marry for a position and use an achievable target, because if you look at the bigger picture, you can see that we can get an inverted head and shoulders pattern, which suggests a bullish mood for a while.
Short
by merjemascerija
4
Life of a currency (wabi)This analysis is purely a personal analysis... Analytical tools: 1.Elliott Waves 2. Classic channeling 3.Macd indicator 4.Harmonic pattern The currency is in a downward trend, which in Elliott terms is a combination The bearish trend is expected to end soon and two prices are set to reverse the trend Of course, increasing the trading volume is one of the important aspects in reversing the trend The possibility of forming a harmonic pattern is very high because the butterfly pattern can reverse the trend
W
by cafe_chart_
NZD/USD Butterfly; 1.272 potential sellHello guys; Today I will talk about NZD/USD. We have a potential "butterfly 1.272 sell". If you look at the hourly chart, you can see that a possible turning point (down) could be an extension of the ABCD pattern at 1.272; That level coincides with the weekly pivot resistance; when we talk about the butterfly pattern, we know that the turning point could be at 1.272 or 1.618 extension, but according to the speed of the CD leg (which shows very heavy price action, and no acceleration to 1.272) we could assume that this butterfly could stop at 1.272 extension.
Short
by merjemascerija