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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.
Bravetotrade Bravetotrade KOTAKBANK, 15, Long ,
KOTAKBANK: Kotak Bank: Bearish Butterfly
117 0 6
KOTAKBANK, 15 Long
Kotak Bank: Bearish Butterfly

Notes on the chart Regards

kbmj kbmj TATAMOTORS, 1D, Long ,
TATAMOTORS: Tata Motors : Will Make A Ride like "Jet" !!!
1075 8 24
TATAMOTORS, 1D Long
Tata Motors : Will Make A Ride like "Jet" !!!

Dear All , Everything is mentioned Over the Chart ... Good Luck !!!

sandipan.mch sandipan.mch TALBROAUTO, 1D, Long ,
TALBROAUTO: Talbros Auto looking strong
119 0 5
TALBROAUTO, 1D Long
Talbros Auto looking strong

Disclaimer.. not an investing /trading recommendation https://www.tradingview.com/x/uncOOaMj/https://www.tradingview.com/x/uncOOaMj/

pratik2358 pratik2358 CANFINHOME, 1D, Long ,
CANFINHOME: A GOOD POSITIONAL bet ,
140 0 6
CANFINHOME, 1D Long
A GOOD POSITIONAL bet ,

FUNDamentally strong !, good investment theme .. low risk .. good buisness ...what else you need !!!

nsakthideva nsakthideva AUDJPY, 60, Short ,
AUDJPY: SHORT AUDJPY BUTTERFLY PATTERN
23 0 0
AUDJPY, 60 Short
SHORT AUDJPY BUTTERFLY PATTERN

Hi, Guys This is deva I looking for new strategy Gartley pattern don't try it's not a confirmation pattern keep watch... AUDJPY -0.18% Gartley Butterfly pattern keep watch If move down SL: 50PIPS TP: 81.730 Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may ...

DSKF16 DSKF16 SUTLEJTEX, 1D, Long ,
SUTLEJTEX: SUTLEJTEX: hARMONIC Bullish BUTTERFLY
102 8 2
SUTLEJTEX, 1D Long
SUTLEJTEX: hARMONIC Bullish BUTTERFLY

All mentioned & plotted on Chart. Notice "Crucial Supply Zone", "Extended SUPPLY Zone", "PRZ" Education Purpose only. For trade decision consult with Financial advisor.

sandipan.mch sandipan.mch CNXINFRA, 1W,
CNXINFRA: Quick gains off Nifty Infra
26 0 2
CNXINFRA, 1W
Quick gains off Nifty Infra

Bullish cypher with bullish divergence, a sweet spot for a blast.. Also the D point is cushioned in ichimoku kumo clouds and presently at pivot.. The uptrend's resistance is expected to be at the outerline of the pitchfork and 0.618CD of the cypher pattern, which coincides.. But i expect there will be a bit of correction i the lines of 10 to 15 percent after ...

sandipan.mch sandipan.mch BTCUSD, 60,
BTCUSD: the bear bull fight
437 0 7
BTCUSD, 60
the bear bull fight

BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD Disclaimer... this is not an investing/trading recommendation...

sandipan.mch sandipan.mch NATCOPHARM, 1W,
NATCOPHARM: The Complex Company-NATCO PHARMA
53 2 3
NATCOPHARM, 1W
The Complex Company-NATCO PHARMA

disclaimer... not invested, no plans there of... this is not an investing/trading advice

sandipan.mch sandipan.mch BTCUSD, 15,
BTCUSD: Dance in the PRZ of the Bigger Cypher
167 0 3
BTCUSD, 15
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 TATAPOWER, 1W,
TATAPOWER: TATA POWER RELOADED..
32 0 0
TATAPOWER, 1W
TATA POWER RELOADED..

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: A Final Pump before the Bears Knock
654 0 6
BTCUSD, 15
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
194 0 3
BTCUSD, 15
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 ...

sandipan.mch sandipan.mch BTCUSD, 15,
BTCUSD: Butterfly Explorer...
56 0 0
BTCUSD, 15
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!
126 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!
111 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...

SafeTrader1976 SafeTrader1976 IBULHSGFIN, D, Short ,
IBULHSGFIN: Indiabull Housing - Harmonic Pattern.
136 0 5
IBULHSGFIN, D Short
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.

DSKF16 DSKF16 CHENNPETRO, 1D, Long ,
CHENNPETRO: CHENNPETRO: Reversal Opportunity.
120 0 6
CHENNPETRO, 1D Long
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 ...

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