“Bullish Butterfly” Harmonic Pattern Stock Screener

The Bullish Butterfly Harmonic Pattern is a technical analysis pattern that helps traders identify potential trend reversals by pinpointing specific price and Fibonacci ratio relationships, enabling them to enter positions with favorable risk-reward ratios

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This post focuses on customizable factory scans associated with Bullish 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 bullish Butterfly harmonic patterns

Tags: 

List symbols where pattern is Butterfly Bullish

Add Column Butterfly Bullish Status as Status
Add Column Butterfly Bullish Target as Target
Add Column Butterfly Bullish Date as Date

Apply to NSE

Plot

This scan is designed to identify NSE symbols that have recently exhibited a Bullish Butterfly harmonic pattern.

The scan results report provides information regarding the pattern’s present status, indicating whether it is confirmed or unconfirmed, and whether the pattern’s target has already been achieved.

Furthermore, the scan reveals the target level and the date on which the pattern was triggered.

Confirmed bullish Butterfly harmonic patterns

List symbols where pattern is ButterflyBull
and ButterflyBullStatus = Confirmed

Add Column ButterflyBullStatus as Status
Add Column ButterflyBullTarget as Target
Add Column ButterflyBullDt as Date
Add Column PatternName

Apply to NSE

Plot

Please note that this specific scan code focuses solely on confirmed Bullish Butterfly harmonic patterns.

For insights into the Bullish 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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