Beautiful cypher/ butterfly pattern. Price at a heavy resistance zone and expected to fall to 75 expo. moving average zone.
Similarly to around the same time last year when USDJPY was at these levels, it had developed a 3 Line Strike at the PCZ of a Bearish Harmonic, and if it goes like last year, this will result in at least a few months of downside on this pairing. There is also some Bearish Divergence formed on the RSI at this level. Additionally, there is a much bigger Macro...
EURJPY has formed an advance harmonics pattern on its hourly chart. The price is trading above the EL: 142.976. ST: 142.548 wall: 38% AD: 143.743 targets 62% AD: 144.479 79% AD: 145.000 127% AD: 146.523 162% AD: 147.597
Supply and Demand with Harmonic Pattern (Butterfly) as confluence
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
According to the Butterfly pattern, the decline at the target of $ 22 perfectly converges. This should happen within a year, there will be a great point for going to long.
According to fibo, according to the non-convergent channel, according to the butterfly, everything converges at around 26500 points for dates in the area of May-June 2024. I'll be watching.
GBPUSD currently exhibits a Weaker Buy signal, accompanied by a 5-week long consolidation phase. Trading Decision Dilemma: The month-long consolidation prompts a crucial decision: Will it be a buying or selling opportunity? Buying Opportunity: For those inclined towards a buying stance, watch for the completion of the Bullish Butterfly Pattern...
According to the Butterfly pattern, according to Fibo, the decline at the target 117$ perfectly converges. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by June 2024, there will be a great point for going to long.
According to the Butterfly pattern, the Fibo perfectly converges the decline to the target of $ 115. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it in early 2024, there will be a great point for a hike to long. The same picture is for Viza.
There is a Confluence of a Bullish Butterfly and a smaller Bullish Bat visible on the 5-day and Weekly timeframes on the JXY as the RSI ticks out of the oversold zone for the 4th time at this level while making higher lows each time. It would seem as if the JXY is confirming to us that it has reached a Harmonic Bottom and is preparing to rise up to some of the...
The overall trend on GBPUSD continues to be bullish, making it an attractive option for buyers. Long Trade Scenario: Daily Chart: A potential Bullish Shark Pattern nearing completion at 1.1937 suggests a buying opportunity. Short Trade Considerations: Personally, I'm inclined towards a shorting opportunity. Two potential setups catch my...
the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern. Although Spring Season has started and Butterflies started Flying in the Sky But the QQQ butterfly is not ready to fly yet and should try again.
Surf Yellow to catch butterflies in the night Do you think at night in Vietnam a butterfly appears every 15 minutes? I'm waiting for the buy zone and have set up a pending buy order below. Will you join me in catching butterflies?
Potential multiple patterns forming for at least one to hit. Thinking that there are so many patterns up at the 29.5k level, this could be a B point for a larger Harmonic move lower. Ultimately the algo bots will see these Harmonic patterns with a certain move down at the PRZ. Whether it stays down is another discussion. Blue = Cypher Red = Bat Green = Butterfly
- Yen at key resistance @ 150 - Most likely no more FED hikes - Multiyear Butterfly D-Point
Many Fibonacci and Harmonic Confirmations Bullish - Butterfly Harmonic , With Expanded Flat ABC Elliot C = 1.618 A 1.618 AB = CD ( PRZ As per AB=CD Pattern ) 0.50 Retracement Levels Trade at your own decision , I'm not a financial adviser.
In the first, we have the hormonal butterfly model This tells us that the price will go to the 149.62 area, and then there will be a rebound because there is a PRZ area. After that, there will be a decline to the 149.00 level and then return to the 151.00 level.