MAZN Bearish Butterfly Pattern Will Start at 134$.

The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D.

It helps you identify when a current price move is likely approaching its end. This means you can enter the market as the price reverses direction.

The above chart is a bearish version of the pattern, where you would be look to sell AMZN after the pattern has completed.

X-A
In its bearish version, the first leg forms when the price falls sharply from point X to point A.

A-B
The A-B leg then sees the price change direction and retrace 78.6% of the distance covered by the X-A leg.

The Butterfly is similar to the Gartley and Bat patterns but the final C-D leg makes a 127% extension of the initial X-A leg, rather than a retracement of it.

B-C
In the B-C leg, the price changes direction again and moves back down, retracing 38.2% to 88.6% of the distance covered by the A-B leg.

C-D
The C-D leg is the final and most important part of the pattern. As with the Gartley and Bat pattern you should also have an AB=CD structure to complete the pattern, however the C-D leg very often extends forming a 127% or 161.8% extension of the A-B leg. As a trader you would be looking to enter at point D of the pattern.


How to trade a bearish Butterfly
To trade a bearish Butterfly pattern, place your sell order at point D (the 127% Fibonacci extension of the X-A leg), position your stop loss just above the 161.8% extension of the X-A leg and place your profit target at either point A (aggressive) or point B (conservative).

액티브 트레이드

코멘트:

A bearish butterfly pattern started at 143
and We can expect that bearish trend continues to reach the golden level of Butterfly pattern at 113-116 $.

At this region. angry buyers are ready

코멘트:

STRONG BULLISH CRAB PATTERN WILL START

거래청산: 타겟 닿음:

bullish crab started at 118 as i expected

코멘트:

Possible Trend of Buyers Crab in the last month of the year 2023

코멘트:

BEARISH CRAB STARTED AT ABOUT 156-157 AS I EXPETED

거래청산: 타겟 닿음

코멘트:

AMAZON Butterfly is expected to rise after a small correction and retesting the golden level at 0.618. It is likely to move towards the next golden level at 1.618.