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Thread: Reversal and Continuation Butterfly pattern

  1. 02-07-2012, 10:31 AM #1
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    Reversal and Continuation Butterfly pattern

    Suitable diagrams to be uploaded soon.
    see the post below.

    For more info about Butterfly pattern and the confirmation methods see -> Butterfly pattern - table of content
    Last edited by kor4x; 07-10-2012 at 10:40 PM.
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  2. 07-10-2012, 10:24 PM #2
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    Most popular position for the butterfly pattern is the end of a trend. We all like to catch end of wave 5, and butterfly simplifies it. Pattern forms on Wave4 and Wave5. Most of butterfly examples you find on this forum are for reversal butterfly, ... like here: Reversal and Continuation Butterfly pattern-butterfly-bullish-pattern-location-eurnok-h1-2012-06-29_0031.png

    Continuation butterfly instead happens at the end of correction.
    Reversal and Continuation Butterfly pattern-butterfly-bullish-usdcad-m30-2012-07-11_0021.png

    More on this (including diagrams) soon. Stay tuned.
    Last edited by kor4x; 07-10-2012 at 10:34 PM.
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  3. 07-21-2012, 09:51 PM #3
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    another continuation butterfly example -> Reversal and Continuation Butterfly pattern-butterfly-bearish-continuation-gbpaud-m15-2012-07-21_2350.png
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