MU has suffered on recent tech sector weakness. If you believe this will reverse them MU may be your horse. 1. The price has retreated nearly .382 % from the Aug 2020 to April 2021 range. 2. There is a Harmonic Butterfly setup forming as well as an ABCD pattern. 3. Margins should expand for the company due to the under supplied DRAM market 4 MU's earning...
BTC passing through areas of weak support at the moment. Although they may seem like good times to buy I would advise to move with caution. Looking at the volume profile you can see that BTC has broken below the area of support it had around 47k. The next areas would be 37k and 34k. If it falls beneath 34k BTC is gonna be in a bad way. Maybe 30k will hold, but...
Dear traders, as I have explained on the chart, a bullish harmonic pattern is formed and verified by breaking the minor falling trend line. MACD is turning positive and the overall trend is to the upside. Thus , you may enter long above the supportive area for 27.80$ and beyond. Let's See!
Our previous prediction has hit Wave 2 and in progress of an impulsive Wave 3. Otherwise, if we are rebouncing; as what we can observe on the current candle tested 42k and came back up, shows that we are on a Harmonic Butterfly. The parallel channel was formed due to the current candle touching 42k which gives strong indication this could be a rebound to 54k....
Where's the BTC bottom? Is the bull market over? IMO not by a long shot. If anything this gives folks another opportunity to buy BTC (and Alts) at a discount. In the grand scheme of things a correction is healthy and BTC will be stronger because of it. Here is an idea I have about where the bottom of the correction may be found via a harmonic pattern. A...
I see a clear butterfly with a double bottom pattern, first need to backtest 0.80-1.00 level before going to the upside. This is not financial advice.
Even though I believe the index will continue going up, there is a potential descending channel, bearish divergence, and a bearish butterfly pattern that suggest it may go down again.
Hi every one LITECOIN / TETHERUS LTC whole chart has formed a Butterfly pattern the price has completed the pattern so the time for correction has started! the price can reach near the Fibonacci line 0.618 (shown in the chart, a great support level!) and than start the bullish trend from there! Traders, if you liked this idea or have your opinion on it, write...
LONG-TERM: Bullish butterfly with classic bullish divergence developing on the 1hr, 4hr, and daily. (not financial advice)
Been a while since I've posted a chart. Really liking this setup on BZRX. Take profits at fib levels.
Butterfly pattern: AB=0.78 XA BC=0.88 AB CD=1.6 BC
Hello Traders ✔XAUUSD has been Bearish but is building Bullish Structure ✔Price is testing 4H Trend and possibly breaking Trend ✔Sttrong Double bottom formed with a harmonic form ✔Recent demand has been broken and could be used for as support to rise again ✔RSI is in Bulls Position 2200 Pip Analysis
A clear Harmonic Pattern formation is seen in DOT USDT. The target of the Bearish Butterfly formation is 56.7. This target offers you a profit margin of approximately 76%. Taking less risk you should trade above point B. I just wanted to share my personal views. NOT AN INVESTMENT ADVICE.
I found 2 harmonic patterns giving me 2 points of entry a sell limit and a market execution.
TL:DR One of the most powerful forex patterns is visible on the bitcoin chart, but only on the log scale. Ultra bearish if correct. Intro (a bit blogposty) I am constantly looking for the largest market structure I can find and doing such drives me to expand the number of patterns I can easily recall. The harmonic patterns are the trickiest for me due to...
#ALPHAUSDT high potential to touch $5 in coming weeks🚀
Tatachem has wolfewave with ab=cd, Bullish butterfly in progress. 651-635 are prz for butterfly, but wolfewave and AB=CD showing reversal from CMP. #Tatachem has Head and Shoulders at daily timeframe too ,hns target is 585-580...