“Bearish Butterfly” Harmonic Pattern Stock Screener

The Bearish Butterfly Harmonic Pattern is a technical chart pattern that helps traders identify potential trend reversals by using precise Fibonacci retracement and extension levels, allowing them to make informed decisions to profit from bearish price movements in financial markets

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This post focuses on customizable factory scans associated with Bearish Butterfly harmonic pattern, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Display recent bearish Butterfly harmonic patterns

Tags: 

List symbols where pattern is Butterfly Bearish

Add Column Butterfly Bearish Status as Status
Add Column Butterfly Bearish Target as Target
Add Column Butterfly Bearish Date as Date

Apply to NSE

Plot

This scan code examines NSE symbols to identify those that have recently exhibited a Bearish Butterfly harmonic pattern.

The scan output report provides information on the pattern’s status, indicating whether it is confirmed, unconfirmed, or if the target level has already been achieved.

Additionally, the scan displays the target level and the date when the pattern was triggered.

Confirmed bearish Butterfly harmonic patterns

List symbols where pattern is ButterflyBear
and ButterflyBearStatus = Confirmed

Add Column ButterflyBearStatus as Status
Add Column ButterflyBearTarget as Target
Add Column ButterflyBearDt as Date
Add Column PatternName

Apply to NSE

Plot

This specific scan exclusively focuses on confirmed Bearish Butterfly harmonic patterns.

For insights into the Bearish Butterfly harmonic pattern, including the structure of the pattern, the psychology underlying it, how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.

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