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Butterfly

3 harmonic possibilities, depending on the B point formationThe 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 leg... Discalaimer..this is an attempt to prediction of possible harmonic formation... not a trading/investing advice...
COINBASE:BTCUSD
by capsule91
A Bullish Butterfly finally!BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP: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 classed at 0.618AX level, as the extreme point (10778) and at 0.382AX level as a moderation (10704).... The space between these two level is the profit protection zone..
BITFINEX:BTCUSDLong
by capsule91
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 this study as educational purpose. For taking trade decision Consult with financial Advisor.
NSE:CHENNPETROLong
by DSKF16
Nifty, TataMotors & Granuels -Short Term Buy From 10975- 11000Last 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 Buy if 10975-10995 holds as support Granuels India cracks from 141 to 131 Tata Motors cracks from 420 to 395
NSE:NIFTYLong
by WaveTalks
14
Nifty - Bearish Butterfly & Double Top@10500There 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 - 10135- 10000 Strategy 3 - Moving above bearish butterfly & double top ( crossing above 10500 ) - "D" level (Holding above D-level & crossing 10500) - Extreme Bullish Scenario - Take care once it crosses above 10500 -it should not dip below 10490 else be cautious. Strategy 4 - Going below 10370 - Sell for target 10135 - 10000 or closer levels
NSE:NIFTY
by WaveTalks
26
Nifty: Potential For The Rising ButterflyIts been a while since I wrote on the Index. In my last post I marked 10094-10013 as the key area. 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 the cautious approach on bearish side worked quite well in protecting us. Current Scenario: Suppose the current move takes the market above 10330 level or above the red downtrend line. I that case, I would expect the market to retest previous highs (10490). If that happens, I would look for a Bearish butterfly pattern which completes near those highs @ 10510. So I would look for a double top scenario in this case ( Caution: the failed butterfly pattern may quickly take us to 10620-10650). As the 25 days cycle (+/- few days) is approaching (see following post) I am excited to see the reaction near 20th December. Therefore, If market make a double top near that date I will be careful b'coz a sharp move might follow. Bearish Scenario: Although we are in a bull market we might consolidate a bit more. What if market could not breach 10330 but breaks 10141 on the downside, I would expect 9950 level (right at the red uptrend line) and then look for a bounce. Trade safe, stay healthy. Do hit the like button. Regards Bravetotrade
NSE:NIFTY
by Bravetotrade
6
THE BUTTERFLY PATTERNFor a brief overview about harmonic pattern fundamentals, first go to the Post 1 of this series (link will be soon in the update section). THE BUTTERFLY PATTERN The pattern is recognized by the exclusive 78.6% of XA retracement at point B; and the 1.27 XA projection at point D. X-A: A strong leg which ends at an important Support/Resistance level. A-B: Should retrace precisely 78.6% of X-A. B-C: Should retrace between 38.2 to 88.6 % of A-B. This leg should not extend beyond point A. C-D: The most important leg to confirm the butterfly pattern . C-D should extend 127% of X-A and not more than that. C-D=A-B or C-D=1.27 A-B : Another important confirmation, C-D leg should complete between 1 to 1.27 times A-B B-C Projection: Point D should be at 1.618 to 2.24 B-C projection. Pattern completes at point D so it is the most important point in the pattern. If all the above conditions are valid, a reversal is expected from this point. # In Bullish harmonic patterns an upward reversal is expected at point D, whereas in Bearish patterns a downward reversal is expected at point D. # Normally a buy/sell order is placed at point D, expecting some sort of reversal, and targets are placed at 38.2% and 61.8% of A-X. # A complete reversal should not be expected at point D in any harmonic pattern . Only the further price can provide confirmations about trend reversal. Trade safe, be healthy Hit like/comment if this information is useful. May all of us be victorious over the evil inside us -- Enjoy Dasehra Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
2