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Butterfly

The Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.

The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.
ollyt33 ollyt33 GBPJPY, 240,
GBPJPY: GBPJPY
43 0 0
GBPJPY, 240
GBPJPY

Butterfly completed nicely. Green box indicates .382 1st target which coincides with major structure area. Might be an area to look for long opportunities if we see bullish signs.

benm536 benm536 USDSGD, 30, Short ,
USDSGD: Beautiful Butterfly and AB=CD harmonic resistance
23 0 0
USDSGD, 30 Short
Beautiful Butterfly and AB=CD harmonic resistance

This is a almost perfect example of a perfect butterfly pattern with further validation from an AB=CD helping to reinforce the validity if this set up, this indicates strong resistance at these levels (blue box's are potential reversal zones) and an reversal signal to the downside i would look to sell this pair and take profits at the 0.382 retracement drawn from ...

chafani chafani NZDUSD, 240, Long ,
NZDUSD: NZDUSD - H4, Bullish Harmonic Pattern
79 0 0
NZDUSD, 240 Long
NZDUSD - H4, Bullish Harmonic Pattern

NZDUSD - H4, Bullish Harmonic Pattern

chafani chafani CADJPY, 1D, Long ,
CADJPY: CADJPY - Daily, Potential Bullish Harmonic Patterns
85 0 0
CADJPY, 1D Long
CADJPY - Daily, Potential Bullish Harmonic Patterns

CADJPY - Daily, Potential Bullish Harmonic Patterns

chafani chafani USOIL, 240, Long ,
USOIL: USOIL - H4, Bullish Harmonic Pattern
58 0 0
USOIL, 240 Long
USOIL - H4, Bullish Harmonic Pattern

USOIL - H4, Bullish Harmonic Pattern

chafani chafani EURAUD, D,
EURAUD: EURAUD - Daily, Potential Bearish Butterfly Pattern
58 0 2
EURAUD, D
EURAUD - Daily, Potential Bearish Butterfly Pattern

EURAUD - Daily, Potential Bearish Butterfly Pattern

lonewolf277 lonewolf277 CHFJPY, 30, Long ,
CHFJPY: CHF/JPY - Bullish Butterfly Pattern
36 0 1
CHFJPY, 30 Long
CHF/JPY - Bullish Butterfly Pattern

We've identified an accurate bullish butterfly pattern on the 30 minute timeframe for the CHF/JPY currency pair, just for all of you who love trading harmonic patterns! We'll also be publishing this to the stream on our site.

Trading_Jazz Trading_Jazz GBPUSD, 180,
GBPUSD: (3h) Bullish Butterfly at 127% // Eventual Pressure Zones
1028 1 24
GBPUSD, 180
(3h) Bullish Butterfly at 127% // Eventual Pressure Zones

FX:GBPUSD https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

Trading_Jazz Trading_Jazz LLOYL, 720,
LLOYL: (12h) Lloyds Butterfly at Divergence
413 1 9
LLOYL, 720
(12h) Lloyds Butterfly at Divergence

CHXEUR:LLOYL https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

Trading_Jazz Trading_Jazz USDCHF, 720,
USDCHF: (12h) Bullish Butterfly at 141 % extension
520 0 11
USDCHF, 720
(12h) Bullish Butterfly at 141 % extension

FX:USDCHF https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

mardy2k16 mardy2k16 GBPEUR, 60, Short ,
GBPEUR: Short GBP EUR
76 0 1
GBPEUR, 60 Short
Short GBP EUR

Harmonic Move/Butterfly/Bat/Cypher

Trading_Jazz Trading_Jazz AUDUSD, 240, Long ,
AUDUSD: (4h) When A to B is equal to C to D...
536 0 16
AUDUSD, 240 Long
(4h) When A to B is equal to C to D...

FX:AUDUSD Previous chart: https://www.tradingview.com/chart/AUDUSD/72DioN1w-2h-Aussie-Pressure-at-Shark-Territory/ Safe Trades;

Roker1 Roker1 EURUSD, 60, Long ,
EURUSD: Harmonic Confluence on EURUSD
97 0 4
EURUSD, 60 Long
Harmonic Confluence on EURUSD

Hi guys, another chance to get involved this morning comes from EURUSD. Here you can see i've drawn two different harmonic patterns (one Butterfly, one Gartley) which are going to complete at the exact same level. Two is better than one! Stops below X, targets at 382 and 618 retracement of AD leg. If you want to ask questions or share your idea, please comment ...

Trading_Jazz Trading_Jazz GBPNZD, 60, Short ,
GBPNZD: (1h) Eventual Butterfly at Divergence? Crab at 161 % ext.
457 0 14
GBPNZD, 60 Short
(1h) Eventual Butterfly at Divergence? Crab at 161 % ext.

FX:GBPNZD https://www.tradingview.com/chart/EURUSD/ECb5Dl2T-Crab-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

Trading_Jazz Trading_Jazz IND1!, W, Short ,
IND1!: (W) Butterfly/Divergence/H&S/Structure/Shark/Confluence
229 0 5
IND1!, W Short
(W) Butterfly/Divergence/H&S/Structure/Shark/Confluence

BMFBOVESPA:IND1! https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/ZOzp9b8D-The-Shark-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/IZLJ3dS1-Head-Shoulders-Educational/ Bons Trades;

Trading_Jazz Trading_Jazz GER30, W, Short ,
GER30: (Weekly) Friday // 127% // Overbought // Divergence // Butterfly
412 0 10
GER30, W Short
(Weekly) Friday // 127% // Overbought // Divergence // Butterfly

FX:GER30 https://uk.tradingview.com/chart/DXY/uYss8mns-24-Educational-charts/ Safe Trades;

Trading_Jazz Trading_Jazz AUDUSD, 30, Long ,
AUDUSD: (30m) Only a Broken Neck Validates a Double
686 2 11
AUDUSD, 30 Long
(30m) Only a Broken Neck Validates a Double

FX:AUDUSD https://www.tradingview.com/chart/EURUSD/TRN8FkXp-Double-Top-definition-2618-trade-setup/ Safe Trades;

Harmoney Harmoney EURCAD, 60, Short ,
EURCAD: BUTTERFLY 1HR EURCAD
44 0 1
EURCAD, 60 Short
BUTTERFLY 1HR EURCAD

Simple Butterfly on the 1HR/4HR timeframe, not 100% with this trade setup so caution is advised.

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