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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.
sandipan.mch sandipan.mch BTCUSD, 15,
BTCUSD: Dance in the PRZ of the Bigger Cypher
144 0 2
Dance in the PRZ of the Bigger Cypher

BITFINEX:BTCUSDCOINBASE:BTCUSDBITSTAMP:BTCUSD A bullish butterfly in formation... A very short term structure... Disclaimer.. not an investment/trading recommendation...

sandipan.mch sandipan.mch BTCUSD, 15,
BTCUSD: A Final Pump before the Bears Knock
493 0 5
A Final Pump before the Bears Knock

BITFINEX:BTCUSDCOINBASE:BTCUSDBITSTAMP:BTCUSD1.Bigger bearish cypher in formation 2.Smaller bearish butterfly/deepcrab in formation 3.Bullish reverse divergence in RSI 4.the current 382 green line in pitchfork will yield to the next blue line which has been a resistance before also on 12th march.. 4. Ichimoku kumo cloud 4hrs, resistance band upper limit is the ...

sandipan.mch sandipan.mch BTCUSD, 15,
BTCUSD: 3 harmonic possibilities, depending on the B point formation
187 0 3
3 harmonic possibilities, depending on the B point formation

The over all bearish trend still prevails... The B point reversal will test the validity of the analysis, in breach of which will become invalid.. I am expecting the back outline Bullish Deep crab to take effect, as there is a support at that predicted B point... The plan is to short as high as possible and keep averaging, to ride the CD down ...

INDIANB: INDIANB: Looks Good, Bullish Butterfly
360 0 12
INDIANB: Looks Good, Bullish Butterfly

.....All mentioned & plotted on Chart. FnO / intraday / Swing levels Updated Later Don't forget to Click / Tap LIKE button, as Like is Barometer of Usefulness. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

sandipan.mch sandipan.mch TATAPOWER, 1W,
18 0 0

C point of butterfly validity check... 1. current C point is on a 20months trendline (0.5AB) 2. if breaks the next stop is on the median line of the pitchfork (0.618AB) CD up leg validity check.. 1.Bullish reverse divergence on RSI 2. probable cypher in formation Potential reversal zone limit estimated at 1.27XA of the butterfly... reversal pathway estimated ...

sandipan.mch sandipan.mch BTCUSD, 15,
BTCUSD: Butterfly Explorer...
52 0 0
Butterfly Explorer...

An Incomplete bullish butterfly, reversing from AB=CD or may go down below to 1.27XA.. Tke profit on 0.618AX

sandipan.mch sandipan.mch BTCUSD, 15, Long ,
BTCUSD: A Bullish Butterfly finally!
107 0 2
BTCUSD, 15 Long
A Bullish Butterfly finally!

BITFINEX:BTCUSDCOINBASE:BTCUSDBITSTAMP:BTCUSD Rationale for entry.. The reversal from the falling wedge on good volumes , The 5/13 dema cross on the uptrend, The RSi in the oversold zone And finally the Bryce Gilmore classic butterfly with an uncommon AB=CD pattern doing reversal from the PRZ on the back of good volumes... In short, a feast! Take profit is ...

sandipan.mch sandipan.mch ETCBTC, 15, Long ,
ETCBTC: A bull to be feasted on- A butterfly in the ETC house!
69 0 1
ETCBTC, 15 Long
A bull to be feasted on- A butterfly in the ETC house!

BITTREX:ETCBTCBINANCE:ETCBTCBITFINEX:ETCBTCPOLONIEX:ETCBTCa bearish butterfly is caught in action... A long now, to start cover from 0.886 retracement level and potential reversal form the PRZ , to short from the to take profit in the 0.382 to 0.618AX level...

safetradingviews safetradingviews IBULHSGFIN, D, Short ,
IBULHSGFIN: Indiabull Housing - Harmonic Pattern.
120 0 5
Indiabull Housing - Harmonic Pattern.

Can Test 1199/1129/1059. Resistance @ 1377. Below 1199 Harmonic Pattern Butterfly Comes in Action. Pattern Failed Above 1377. Positional View. Other Details Mentioned In Chart. Please Consult Your Financial Advisor Before Taking Any Decission. I am not SEBI Registered Financial Advisor.

CHENNPETRO: CHENNPETRO: Reversal Opportunity.
113 0 6
CHENNPETRO: Reversal Opportunity.

All mentioned & plotted on Chart. Intraday UP levels: @ 379.2 - 380.90 - 383.85 - 385.90 - 387.10 (Used as TARGET) Intraday DN levels: @ 373.55, 371.70, 368.85, 366.8, 365.60 (Used for Accumulation) (Calculation Based on Last Closing Price: @ 376.35) Trade as per Specified Levels. My personal View. If matched, Like & Share As i am not SEBI regd. analyst, take ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP NIFTY, 15, Long ,
NIFTY: Nifty, TataMotors & Granuels -Short Term Buy From 10975- 11000
867 14 21
NIFTY, 15 Long
Nifty, TataMotors & Granuels -Short Term Buy From 10975- 11000

Last Price@11030 - 31st Jan2018 -10:00 Hrs Last Time It was bullish butterfly from 11010 for targets 11070 & above 11080 for 11105 - This time double bottom buy holding above 11000 for 11070 - 11105 Intraday. Strict Stops below 10975 as critical support level level- Going below 10975 -Bears will be on streets Nifty Strategy - Buy if holds 11000-11010 zone or ...

desipplz desipplz SUNTV, W, Short ,
SUNTV: Suntv Weekly Bearish Butterfly
178 2 7
SUNTV, W Short
Suntv Weekly Bearish Butterfly

Suntv Weekly Bearish Butterfly Short Below 980 with 1030 as SL T1 - 932 T2 - 879 T3 - 836 T4 - 792

desipplz desipplz CGPOWER, D, Short ,
CGPOWER: CG Power Bearish Gartley/Butterfly
113 4 5
CG Power Bearish Gartley/Butterfly

CG Power Bearish Gartley/Butterfly Short Below 91 with 95 SL T1 - 89.5 T2 - 88.2 T3 - 86.7 T4 - 85

desipplz desipplz MFSL, D, Short ,
MFSL: MSFL Bearish Bat/Butterfly Pattern
81 2 7
MFSL, D Short
MSFL Bearish Bat/Butterfly Pattern

MSFL Bearish Bat/Butterfly Pattern Short below 589 with 607 SL T1 - 575 T2 - 566 T3 - 555 T4 - 540

Bravetotrade Bravetotrade UPL, 60, Long ,
UPL: Bearish Butterfly in a Bearish Flag
244 1 14
UPL, 60 Long
Bearish Butterfly in a Bearish Flag

Notes on the chart. "Wish you all a very happy and prosperous new year" Just trade safe and stay healthy. Regards Bravetotrade

AbhishekHSinghCMT AbhishekHSinghCMT TOP NIFTY, 180,
NIFTY: Nifty - Bearish Butterfly & Double Top@10500
1157 26 35
NIFTY, 180
Nifty - Bearish Butterfly & Double Top@10500

There is a bearish butterfly & double top@10500. Trading Strategies Strategy 1 - If Nifty Holds in 10400 -10425 then expect a bounce to 10460-10485 & we book profits & wait outside Strategy 2 - If Nifty gets resistance between 10475-10500 after strategy 1 is done then look to sell on tops with minimum stops above 10500 - Target -10425 - 10390 - Below 10370 ...

Bravetotrade Bravetotrade NIFTY, 240,
NIFTY: Nifty: Potential For The Rising Butterfly
450 6 19
NIFTY, 240
Nifty: Potential For The Rising Butterfly

Its been a while since I wrote on the Index. In my last post I marked 10094-10013 as the key area. https://in.tradingview.com/chart/NIFTY/LWuQVV8Y-The-Perfect-Bullish-Bat-Below-10094/ Market tested that key area and bounced sharply. Although the Bat pattern could not complete as per expectations, market reacted near 1:1 level (10013) shown in the above post and ...

praj praj PRO TATAMTRDVR, 60,
TATAMTRDVR: Butterfly on the Chart
56 0 2
Butterfly on the Chart

Butterfly on the hourly time frame, seems to have completed the last leg and waiting to see how it moves to hit T-1 and T-2

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