A bearish-type Butterfly pattern occurred within the resistance zone of 1.0070-1.0110.
(In this resistance zone , there was a rebound in 13 Sep, 26 Aug,...)
If the price rises to 1.0198, a bearish-type DeepCrab pattern could occur.
Also on the daily chart, bearish-type Butterfly pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns and...
IRCTC is enroute to confirm butterfly pattern, technically its a buy only above 726 where it confirms its pattern. One can also buy here @ 718-719 assuming it ll break above 726.
In that case should be bought with mentioned stoploss & target
LINKUSDT price action is now returning to the Monthly Inside Bar Zone after rejection from neckline of the Head and Shoulders Top. I'm expecting a swing downward to fill the gap below the weekly volume POC by least at Monthly Inside Bar open level. This level seems to be a psychologic key level for traders that waiting for long positions opportunities. I'm...
A Bearish-type Butterfly pattern occurred near the resistance zone of 1.5220-1.5260.
(In this resistance zone , there was a rebound in Jul 2022, Feb 2021,...)
If the price rises to 1.5248, a Bearish-type DeepCrab pattern is likely to occur.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the...
There is a probability of a butterfly pattern on the daily chart of NestleIndia.
Sustaining 18100, the stock might move towards 19200- 19400 in the coming sessions initially and then towards 20300-20350 levels.
#AR/USDT
$AR is below upper line of ascending parallel channel, also there is an ascending support near the price.
🐮 break out from upper line of channel will help bulls continue rally to $16 to complete butterfly pattern.
🐻 break down from ascending support will drop price to middle line of channel that is the same with support zone around $11.
We have a ‘double resistance band’ at 1.5458 this week. With this lining up with the Butterfly formation, it offers a downward bias (from 1.5458) towards 1.4600
I will update if/when the trade is triggered and if we get the TL scalp set up for initiation
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
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NSE:BEML has been trading in downtrend due to market weakness and has also broken the neckline support. It has activated two possible harmonic patterns, Butterfly and Deep Carb. Targets are 1040 (target #1) and 760 (target #2) respectively. Both targets are very important levels. So price might reverse from either of them, most likely from target#1. If market...
Open - 0.99950
TP1 - 0.94742
TP2 - 0.89221
TP3 - 0.87426
SL - 0.01134
Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.
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,...
Hello 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...
