heres an example of the butterfly and the point where it activated on the SP500 last night.
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heres an example of the butterfly and the point where it activated on the SP500 last night.
Nice example Peat.
Looks like it would have worked similarly using an EW count, so a good combo confirmation in this case.
http://i25.tinypic.com/qsqf41.jpg
Small BF at the top of this Triangle.
I managed to get some pips off a scalp on the down leg
http://i32.tinypic.com/e1108.gif
Euro butterfly in cyan has only just begun... target 1.45
Noticed that a butterfly on the Aussie 200 has activated
bearish gartley on the kiwi. I have a pretty low success rate with the kiwi so wont overdo this trade but will give it a go.
well the kiwi worked out ok, theoretical target was 6950 which did get hit , tho I took profits sooner than that ....
this time theres a bearish gartley on the 3 hourly (since early Feb) of the Eur/Jpy and that has culminated in a bearish butterfly over the last few days which has activated , so I am short from 124.37
Eur/Jpy short +150 a mere few hours later....
EUR/JPY has found solid support at 121.69 twice today. OANDA are still bearish (expecting a downside play around 122.75), so I'll watch what it does around that price. But as soon as the USD/JPY punches through 90.25, I'm going long (sometime this afternoon after BOJ starts its action?) What will help is if EUR/USD which is due for a breakout, breaks upside (late afternoon?). BTW, be careful around 10am (NZT) - that's when the USD bulls enter the market to reverse it.
conflicting harmonic patterns on silver
the bullish butterfly in yellow and a bearish gartley in red
i prefer the bullish side myself. with support now at the blue line.
(looks like the red lines arent too visible unless you open up the graphic)