UCTT: a bearish butterflyLong, due to a potential bearish butterfly (might even be a crab) in development. Awaiting for CD completion and a reversal zone of 44.5+ if does not get extended beyond that
Butterfly
OXY BUTTERFLY FORMATIONHello Everyone,
I believe we have formed bottomed on OXY in a way a harmonic pattern called a Butterfly. I have shared my entry level, exit level, and stop loss. Good luck!
GOLD UPDATE
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.
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ASEAN40 bullish butterfly harmonicASEAN40 now has entry on a bullish butterfly pattern, which should drive price upward as depicted in the chart.
Bearish US30 Butterfly Pattern
Understanding the Pullback of US30 Butterfly Pattern
In the world of trading, understanding different chart patterns is crucial for making informed decisions. One such pattern is the butterfly pattern, which is currently evident in the US30 market. Traders have observed a pullback in the US30 butterfly pattern from level 1.276 to a lower level.
This pullback indicates a potential shift in market momentum, prompting traders to re-evaluate their positions and consider new trading strategies. The possible target of the seller butterfly is at the level 1 Fibonacci, which serves as a key support and resistance level.
Traders should closely monitor the price action around this level to gauge the strength of the selling/buying pressure and assess the potential for downward/upward trend.
Hang Seng Bull Butterfly and ABCD monthly timeframeOn the monthly time frame, the Hang Seng has reversed from recent bear 5-0 harmonic which reached its target D point and a Bull butterfly harmonic pattern is now active. Typical target levels are indicated with fib measurements of the CD leg of the butterfly, with target 4 at 1.168 extension--40k anyone?
10x-12x on SNAP Q1 20252 week candle time frame
Harmonic reversal indicator calling for a 10x-12x on SNAP Q1 2025
TTM squeeze has decreasing bearish momentum. Stochastic RSI is oversold.
Plenty of lower profit targets can be met , $27, $38, $60 , still huge outperformance returns
Gold Harmonic pattern FormedGold Harmonic pattern Formed
The harmonic pattern of GOLD has
been formed at 1H chart, and the
price began to fall down.
Therefore, sell gold around 2734
SL: Above 2738
TP1: 2723
TP2: 2719
DXY NEED TO SEEM SELL CORRECTION
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 support it with a like and follow.
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Technical Analysis: EURNZD Bearish ButterflyHello Traders,
Below is my Technical Analysis of EURNZD.
EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish momentum.
Cheers and Happy Trading.
Bullish Butterfly Ascends a Channel w/Underlying Fib LevelsHere I have BINANCE:XRPUSDT on the Weekly Chart!
Beginning of March 2020, BINANCE:XRPUSDT hits its Lowest Low @ .1013
Beginning of April 2021, BINANCE:XRPUSDT hits its Highest High @ 1.9669
For context ~1,800% Increase in 1 Year
Taking the Fibonacci Retracement Tool, we can see that Price made a drop after the Higher High (Point A) to the 78.6% level (Point B), created a Lower Low at the 32.8% (Point C), then was rejected after descending to the 88.6% (Point D) and with this Price Action, formed a Bullish Harmonic Butterfly Pattern!!
Parameters:
X - B .786
A - C .382 / .886
B - D 1.618 / 2.618
X - D 1.27 / 1.618
(B/D and X/D Fall Short)
-Price is continuing to trade Above the 200 EMA
With the short-coming completion of this pattern, sprouts an Ascending Channel that Price now currently is traversing up!
-If Price can continue this upward path, I believe it will battle with the Overlying Resistance Zones that line up with these Fibonacci Levels!
1) .8139 - .9240
(61.8% - 55.9%)
2) 1.2542 - 1.5266
(38.2% - 23.6%)
*Caution to those who see the Ascending Channel break Bearish, because then Price Action could be a signal of a Double Top!
Bullish run on usdcadUsdcad appears having a bullish run forming a partial butterfly in the coming days. Entries @1.36000 may push buyer until 1.38000 with intermittent retracements. Lets watch until this position is invalidated then take existing profits.
Butterfly Pattern StructureThe Butterfly Pattern is formed as follows:
Point X: The starting point of the movement.
Point A: The first peak or trough that the price reaches.
Point B: The price correction from Point A, usually located around 78.6% of XA.
Point C: The subsequent correction, which should be between 38.2% and 88.6% of AB.
Point D: The final point, typically found within the range of 161.8% to 261.8% of BC.
This structure allows traders to predict potential price reversal points at Point D.
Reef/usdt#Reef
The price is moving in a ascending pattern on the 4-hour TF
We have a trend to stabilize above the 100 moving average
Rbs MF
Bitcoin Bear FlagAs you can see the bear flag has begun. We could test as high as 67.2 if we retest the flag
good luck
The time of problems has passed, now only up to conquer the heigIn fact, everything is going perfectly for us and now is the perfect moment to buy a company for many years to come
The reduction target is 5.5-6$According to the Butterfly pattern, the Fibo perfectly converges the decline on the target of $ 5.5-$6. The timing is not clear when we will get there, but according to the schedule of the decline of #HSI1, we should reach it by October 2023, there will be an excellent point for going to long to new heights.
The reduction target is $70-73According to the Butterfly pattern, the Fibo perfectly converges the decline to the target of $ 70-73. The timing is not clear when we will get there, but according to the schedule of the decline of #HSI1, we should reach it by October 2023, there will be an excellent point for going to long to new heights.
Potential Harmonic Bearish Butterfly Could Push QQQ to $525+Here I have Invesco Trust NASDAQ:QQQ on the Daily Chart!
Invesco Trust NASDAQ:QQQ follows the NASDAQ 100 Index which is Tech-Industry Heavy.
Price currently is struggling at ( $485 - $486 ), the 78.6% Fibonacci Level responsible for giving us our B point in what appears to be a potential Bearish Harmonic Butterfly Pattern!
Harmonic Butterfly
X - B = .786
A - C = .382 - .886
B - D = 1.618 - 2.24
X - D = 1.272 - 1.618
If Price is able to break through this Level, then by the Harmonic Butterfly Parameters, we could see the CD Leg extend to the 1.272 - 1.618 Fibonacci Levels @ ( $525.30 - $553! )
Fundamentals:
* Feds have already began their Easing Cycle with the more then expected aggressive 50 bps cut to Interest Rates. With more cuts already planned in the foreseeable future, this will begin to help the economy bounce back!
*Thursday, Sept. 26th: Final GDP, Unemployment Claims & Powell Speaking
Friday, Sept. 27th: Core PCE Index
Indicators:
- Price is trading Above the 200 EMA
- RSI Above 50
- Bullish Volume Building
GOLD CORRECTION ENTRY
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 support it with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
FBU Weekly Closer view of ButterflyAppears to have expanding triangle in the CD leg of a larger butterfly pattern
Hoping it drops to around $1.80 and will buy around there with any buying pressure showing
FBU Monthly Fletcher Building On trading halt while they do a $700mil capital raise
Hoping it drops to ~$1.80 ish for a long term buy due to technicals but fundamentally needs a restructure of debt or more equity...
Carrying too much debt from memory due to their residential developments with long cash cycle payments which is problematic when the market stalls and buyers dry up
Basically too much inventory...
Hopefully they can convert some of these back into liquid cash.... and move on and perhaps focus a little more on the commercial projects and building materials that have better cash cycles
DXY NEXT WEEK VIEW
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 support it with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
